The Government has announced that the price of electricity will rise by 2.3% as per January 1st 2014. This is significantly more than the Government initially indicated but significantly less than the increase wanted by the power companies.
Electricity to go up on January 1st 2014
The price of electricity is set to go up again on January 1st 2014, the increase being at least 2%. The Government ‘share’ of the increase is 2%, the remainder depends upon the outcome of the regular electricity auction next week where the price is expected to rise. It is only a fortnight since the Government announced that there would be …
Cost of electricity to rise by up to 7% on April 1st 2012
The price of electricity will go up between 5% and 7% on April 1st 2012 according to the Minster of Industry, Energy and Tourism, José Manuel Soria.
Electricity prices go up tomorrow
The electricity tariff of last resort (TUR), used by about 20 million households, will rise on average by 1.5% as from tomorrow, July 1st, adding around 0.50 euros a month to the bill of the average consumer.
Electricity to go up by 9.8%
The proposed increase in the price of electricity proposed by the Ministry of Industry has been approved by the Government Commission for Economic Affairs, meaning that the price of electricity will rise by an average of 9.8% as from January 1st 2011.