Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Price of gas and electricity to increase 1st July

Sat 30th Jun 2012
Price of gas and electricity to increase 1st July

Spanish electricity prices are due to increase from tomorrow - July 1st - by an average of 3.95%, while natural gas will increase by an average of 2.26%, which will result an extra cost of around 14.89 euros a year to consumers.

Christmas Gift Lists

Additionally, the price of a 12.5 kg bottle of butane will increase by 5.92% - an extra 92 cents per bottle.

This is the second increase in the price of electricity of the year, following an increase of 7% applied in April, and the third increase in the price of gas, which rose by 0.5% in January and 5% in April.

The 5.92% increase for butane has been applied even though a ruling was made by the Supreme Court which instructed them not to do so. Spanish Industry have taken the decision to ignore the ruling, claiming that not to introduce an increase would mean forcing vendors to sell butane at a financial loss.

Spain currently has an estimated 20 million domestic consumers of electricity and 10 million of butane.