Endesa explains VAT and electricity tax increase
It details the June 1, 2026 return to 21% VAT and higher Special Electricity Tax, estimated bill impacts, and actions households can take to reduce costs.
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Spanish electricity and gas company
endesa.comLast updated
In short: Endesa appointed Gianni Vittorio Armani as its new CEO and reported a 24% rise in Q1 2026 net profit, reaching €0.7 billion.
It details the June 1, 2026 return to 21% VAT and higher Special Electricity Tax, estimated bill impacts, and actions households can take to reduce costs.
The demolition exceeds 90%, with 44.000 tons demolished and 95% recycled, generating 1.250.000 hours of local work.
During the period May 11-15, 2026, it acquired 436,098 shares at an average price of €36.78 per share.
The company allocated 62% of the value generated to taxes and environmental taxes reached an all-time high.
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