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The latest business, economic,property, stock market and financial news from Spain. Keep up to date with what is happening with the Spanish economy, stock market, the economic crisis, the euro zone debt sovereign debt crisis and the Spanish property market.

Millions in Spain have electricity cut during economic crisis
27 November 2013 @ 21:25

The number of Spanish homes that saw their electricity cut off has more than doubled since the start of the economic crisis  More than 1.4 million households in Spain saw their electricity supply cut off last year for failure to pay their bill.

The number of disconnections has more than doubled since 2006, new statistics show, providing stark evidence of how deeply Spaniards are suffering in the economic crisis.

The cost of electricity has soared by 60 per cent in the last five years while the average household income has decreased by 8.5 per cent, according to information provided by Spain’s National Statistics Institute (INE).

Source: The Telegraph



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