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

Spain to see Electricity prices fall in Q2

Thu 21st Mar 2013
Spain to see Electricity prices fall in Q2

Finally : Some good news for Electricity consumers in Spain !

Yesterday afternoon an auction set the cost of Electricity for the 2nd quarter of 2013, with the results pointing to a price reduction in the wholesale energy markets.

The auction could instigate a reduction in electricity costs of as much as 10%, according to various sources. Given that the consumption of electricity currently makes up around 50% of the average household bill, this would equate to a saving of around 5%.

The remaining 50% of Electricity bills is made up of various costs, set by the Ministry of Industry , which will see their costs remain static for at least the next 3 months.

The decrease in wholesale electricity costs has been explained as being down to 2 reasons : 1.) A slide in demand of almost 4.8% in the first 2 months of 2013.

2.) A consolidation in the renewable energy system, which supplied 46.8% of all power consumed in January and February, has also caused a drop in price, as these sources enter the market at zero cost .

Yesterday's news is sure to be welcomed after no less than 3 separate price increases - not including the effects of an increase in the rate of IVA - throughout the whole of 2012. Some Good news, given that last month consumer group FACUA slammed Spain's major Electricity providers for their misleading Electricity discount offers .

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

Use the hair extensions pretty curling styling spray to evenly spray on the hair wigs part that wants to highlight the hair extensions uk curl, then use the curling iron to start at the horizontal line behind the ear, and the human hair extensions uk single layer is rolled, and the handsome yet playful hairstyle is born.