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Electricity sector overhaul to push bills up by 3.2 percent
13 July 2013 @ 14:01

It looks like electricity bills will be rising yet again in Spain, possibly as soon as next month.  I've lost count of how many increases we've had over the last year or so.  From El Pais in English:

The Cabinet on Friday approved an overhaul of the regulated electricity system that will push up costs for producers and prices for consumers, many of whom already have problems making ends meet in a country where unemployment has hit 27 percent.

Returns on investment for power suppliers and distributors are to be cut by 2.7 billion euros, while the average electricity bill is set to rise by 3.2 percent, possibly from August.

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