Vilawatt
Viladecans' municipal energy-transition currency, born from the EU Urban Innovative Actions 'Vilawatt' project (2017) and continued by the city after EU funding ended. Digital-only (iOS/Android app), issued by the Ajuntament at 1:1 euro parity on regulated e-money rails; residents earn extra vilawatts by saving energy, and 200+ local establishments accept it. Annual 'Bonos Vilawatt' campaigns double residents' money with a 100% municipal match (Dec 2025 campaign: €25 → €50, plus Green Bonds for documented sustainable actions). Viladecans won the European Green Leaf 2025 award partly on this trajectory; the currency funds the loop between energy savings and local commerce.
The most interesting municipal currency in the Catalan cluster after Grama: a digital euro-parity token whose issuance partly rewards verified energy savings, alive and campaign-active into 2026 (Bonos Dec 2025, European Green Leaf 2025) with 200+ merchants. Structurally fiat- and city-dependent — scores at the Grama level, with the energy-issuance link as its differentiator.
M69 Score
Scored against the Money2069 Manifesto — see methodology. Higher = more aligned.
Detailed Rating Breakdown
Issuance Model3x3.0
Debt-free (IM-02=5) with a genuinely distinctive feature: part of issuance is tied to verified energy savings — a real-economy signal rare among local currencies (IM-03=3). But the city is the single rule-setting issuer (IM-01=2); supply otherwise tracks euro conversion and subsidy campaigns (IM-04≈3, IM-05=3).
Spending Power Stability2x3.0
1:1 euro parity on regulated e-money, held since launch (SPS-04=5); euro benchmark (SPS-02=3), municipal transparency (SPS-03=3); no distinct purchasing-power mechanism (SPS-05=2) and single-town reach (SPS-06=1).
Fiat Independence & Interoperability2x1.0
The floor category: euro-pegged, euro-reserved, dependent on a regulated e-money provider and banking rails (FI-01/02/03/04/05=1). Only minor credit for local-currency composability of the model itself (FI-07=2).
Traction2x3.0
Active with dated proof inside the year — Bonos campaign Dec 10–31 2025 (redemption to Jan 31 2026), European Green Leaf 2025 (TR-01=4), running since 2017 (TR-02=4), 200+ accepting businesses (TR-04=3), solid institutional partners: EU UIA consortium, city, energy actors (TR-07=4), EU Inforegio + Conama + local press coverage (TR-08=4). Weak spots: user base likely low thousands in a 67k-inhabitant town (TR-03=2), euro-equivalent pricing (TR-05=2), and adoption leaning on 100%-match subsidies (TR-09=2).
Sovereignty2.0
Municipal through and through: the city can end it unilaterally (SO-01=1), proprietary app on a revocable e-money provider (SO-02=2, SO-06=2), full registration/KYC (SO-08=2), rules are policy not code (SO-09=2). Institutional continuity is the one bright spot (SO-05=3).
Governance2.0
Formal public-administration process with published campaign rules (GO-01=3, GO-03=3) and citizen-participation heritage from the UIA project, but decision power sits with the Ajuntament (GO-02=1); no constitutional protection of the currency's rules (GO-07=2).
Resilience3.0
Survived the real test most EU-project currencies fail — continued and grew after UIA funding ended in 2021 (RE-01=3), backed by a municipal budget and now EU-recognized (RE-07=3); simple, comprehensible design (RE-04=4) but tied to one town's political will.
Inclusivity3.0
Open to all residents at zero cost (IN-02=4), energy-poverty focus in its renovation programs (IN-03=4), municipal match flows entirely to residents and local shops (IN-04=4), near-equal rules with minor green-bond tiers (IN-05=4); bounded to one municipality (IN-01=2) and ID-verified registration (IN-06=2).