typicallyspanish.com

Spain Business
+ Larger Font | + Smaller Font
Electricity prices increase by an average 5.6 percent on July 1
By h.b. - Jun 17, 2008 - 7:25 AM
ALSO SEE : • Power restored to the Marina Baixa - Sep 18, 2008 - 8:37 AM
• Minister gives details of electricity price rises - Jun 28, 2008 - 2:05 PM

Minister for Industry, Miguel Sebastian - Archive Photo EFE
enlarge photo

Prices will increase proportionately more for those who use more power.
The Ministry for Industry is putting the final details on the proposal to increase electricity prices in Spain, with an increase which will result in prices between 7.3% and 8.3% higher in some 18 million homes. The average official increase, to be imposed on July 1 is 5.6%.

The idea of the new changes is that those who use more power pay proportionally more for doing so, while those who use less are charged a lower amount.

The increase will be 5% for those small and medium companies who have the 2.0.2 or 2.0.3 tariff and power of between 2.5 and 5 kilowatts and between five and ten kilowatts – which total some 18 million users.

The new increases come on top of a general 3.3% increase in price which was introduced at the start of the year as the Governments wants to get charges close to the real costs of generating power.


 smartphone/pda/iphone |  email this article |  printer friendly page

 del.icio.us |  digg |  technorati |  yahoo | Stumble It!
Facebook | Reddit | Newsvine | Meneame | Wikio | Blink

ALSO SEE :
• Power restored to the Marina Baixa - Sep 18, 2008 - 8:37 AM
• Minister gives details of electricity price rises - Jun 28, 2008 - 2:05 PM
• Spain says goodbye to the old-fashioned lightbulb - Jun 26, 2008 - 6:37 AM
• Electricity prices set to rise by 5 or 6 percent on July 1 - Jun 4, 2008 - 8:36 PM
• Man dies from electric shock in Guadix - May 23, 2008 - 6:18 PM
• Consumers union says families will suffer the end of off-peak electricity in Spain - May 21, 2008 - 12:35 AM
• National Energy Commission asks for 11.3 percent electricity price increase - May 13, 2008 - 7:01 PM
• Electricity prices set to rise in Spain - May 10, 2008 - 9:50 AM