SPAIN (Agencies) Although the government has decided that an increase of close to 12% is 'not viable' at this time, it has allowed a 4.1% rise in the price of natural gas - not the bottled one, as in bombona. This rise affects some 7.3 million homes that use the tarifa regulada, according to the Industry Ministry. The price of natural gas is closely related to that of oil, and we know what's been happening to that (a rise of 10% per barrel). So, the so-called TUR-1 gas contract (hot water and cooking) goes up by an average of 3.3%, and that of TUR-2 (plus heating), by 4.3%. The 'viability' or otherwise of a hike in electricity prices probably has more to do with the closeness of local elections than anything else. Therefore, expect it just after May 22.
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