Thursday, 29 March 2012

3rd most expensive electricity bills go up on Sunday

As we have pointed out before, Spain has the most costly electricity on mainland Europe, after Malta and Cyprus. We have also warned that our bills will be going up on April 1 (fools that we are), although the real costs to our pockets were kept very much up the sleeve of Minister for Industry, Energy and Tourism José Manuel Soria. He waited only two days after the regional elections in Andalucía and Asturias (the PP, his party, did not do anywhere near as well as they expected) to announce that the increase would be in the 5% to 7% region for the 20 million consumers using the TUR rate (see Electricity price hikes expected on April 1). This will mean up to another €5.18 on our monthly bills.

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