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Typically Spanish - Spain Business

Electricity prices increase by an average 5.6 percent on July 1
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By h.b. - Jun 17, 2008 - 7:25 AM
Minister for Industry, Miguel Sebastian - Archive Photo EFE
Minister for Industry, Miguel Sebastian - Archive Photo EFE
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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.


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Readers' comments:
Er_Guiri
17 Jun 2008, 12:51
I'm not paying untill they give me a good reason why! Every sodding year they try to increase the price in the summer, when the rate of inflation should mean they only need to increase their prices once a year. But no, they try to do it at least every 6 months. They're having a laugh! Come on everybody, let's take this to Brussels and have Endesa and all the others screwed for trying to screw us!
Please keep to the subject. Opinions published here are of our visitors, not the Typically Spanish team. Comments which go against Spanish laws or which are libellous are not allowed. We reserve the right to delete any comment we wish.

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