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'Possibility' of further Electricity price hikes

Tue 17th Jul 2012
'Possibility' of further Electricity price hikes

Following the increase in the cost of electricity effective from the 1st of July - and a second hike earlier on in the year - the Spanish Minister for Industry has refused to rule out the possibility of a further increase to be applied before the end of 2012.

Prices rose by an average of 3.95% earlier this month and by an average of 6% on the 1st of April.

Minister Josť Manuel Soria confirmed that there is currently a huge deficit in tariffs and that another increase in prices would help to address this.

Comment on this Story

 
"there is currently a huge deficit in tariffs." what on earth does that mean in plain English ?
Keith Lynwood - Tue, 17th Jul 2012

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