Electricity rate increase – not such a bright idea?
Millions of households in Spain will pay more for electricity and gas this year and consumer groups are up in arms at what they consider a “shocking” rate hike, which came into effect on 1st January 2011. The government has announced that the TUR tariff, which supplies up to 10 kilowatts of power, will increase by 9.8 per cent, while natural gas prices will rise by an average of 3.93 per cent.
Pedro Marín, The Secretary of State for Energy said the increase would raise the average monthly electric bill by 3.20 euros (or 38.40 euros per year) although the OCU Consumers and Users Group has estimated the figure to be closer to 4.25 euros per month and both were unable to say what consumption those figures represented. During 2010, there was public outrage when electricity prices in Spain rose by 2.65 per cent in January and by a further 4.8 per cent in October, so the reaction for this hike is more than expected. Read more »

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