ElectricIty rate shocker: Bills to rise from April 1 - and it's no joke!
Monday, March 26, 2012 @ 4:13 PM
Source: CostaBlancaNews
HOUSEHOLDS throughout Spain are in for a nasty shock next month as the electricity rates increase significantly to compensate companies for the freezing of rates decreed by the government last October and which has now been revoked in court.
Industry, energy and tourism minister José Manuel Soria has announced that electricity charges will go up on April 1.
He said that the rise was in accordance with a decision by the Supreme Court which revoked previous decisions to freeze tariffs. This paves the way for suppliers to revise bills already paid since October 2011 so that they can recover what they lost when tariffs were frozen.
This decision will come as triple whammy for many families who have already budgeted for April.
Read more in this week's Costa Blanca News edition