Electricity could go up by 10% in January

SPAIN (Agencies) The Tarifa de Último Recurso (TUR in its Spanish acronym, meaning 'Tariff of Last Recourse'), whatever that is but which is part of the consumer cost of electricity, could be going up by 9.9% in January, according to the National Energy Commission. This has to do with the price paid at the last auction of 'product', i.e. electricity, held among suppliers. A convoluted press release from the commission yesterday (for which an engineering degree is clearly necessary) also said that even with this possible (probable?) increase, power in Spain will still be cheaper than other European countries such as Italia (€67 per MWh, MegaWatt/hour), France (57), Germany (52) and UK (60). What it did not add is that wages and pensions in Spain are on the average well below these countries...