255 million euros were paid in electricity credit – That’s how much the credit score decreased the electricity bill

Households obtained a complete of 255 million euros in retroactive power credits from November to February.

This is reported by Statistics Finland, which has amassed the records from electricity agencies. The electricity groups included within the survey cover approximately 70 percentage of the strength offered to families.

The general amount of the refund become without a doubt below the quantity reserved for it, i.E. 400 million. December’s electricity payments have been compensated the most, with a total of 80 million euros. In December, the common market fee of strength changed into especially excessive, 27 cents/kWh.

The figures published now problem the length among November and February. The common charge of electricity in this period became 13.52 cents/kWh. When the rebate obtained with the aid of households is deducted from the price, the average price will become 10.85 cents/kWh.

The common rate consequently decreased by way of about 20 percent because of the impact of the refund.

Statistics Finland says that the expenses of energy rebates fell beneath the finances provision because the iciness became mild and windy. According to Statistics Finland, successful savings talks also lowered both the marketplace fee of strength and decreased power payments.

The electricity credit score become one form of presidency assist that changed into used to make amends for the impact of the expanded power rate on families. Other sorts of assist had been the reduction of the price brought tax charge, the energy reduction in taxation and Kela’s electricity support for low earning.

The power credit score was paid retroactively to households based at the strength bill for November-December 2022 and January 2023. Reimbursement was paid to families whose power settlement charge passed 10 cents/kWh and to clients who had an exchange electricity settlement.

The quantity of the refund became 50 percent of the VAT sales price of the energy, from which the month-to-month deductible of 90 euros was first deducted. The compensated amount become a most of seven hundred euros per month.

The refund become paid in  installments. The refund amount of the primary installment became calculated from the November and December strength bills. The amount of the refund for the second one installment became calculated in step with the strength bill of January 2023 and it was improved by way of  to cowl February as well.

Correction 30.6. At 10:20 a.M.: Contrary to what become stated inside the creation, 255 million euros, now not 255 euros, were paid. In other elements of the tale, the amount turned into correct.