Canarian Weekly
22-03-2013, 12:50
ELECTRICITY bills, which have all but quadrupled over the past five years, are set to go down by 6.7% on 1st April.
To the relief of home-owners, Wednesday’s quarterly auction of electrical energy
proved favourable and prices tumbled by 15%, although the actual consumption is only about half of the average bill.
The 20 million consumers supplied by the State-run electricity boards Iberdrola, Endesa, Gas Natural Fenosa, E.On and HC will receive lower bills. But the remaining 6.5 million who use open-market suppliers will not benefit.
The cost of electricity, once almost too cheap to believe against sky-highUKrates, increased steadily for 3½ years, then shot up on several occasions in the last 18 months.
In January alone it rose by 3% after the most recent energy auction. Yet tariffs actually fell twice between mid-2009 and the end of 2012.
The second price drop was last September, by 2%, but it went unnoticed because IVA went from 18% to 21%, and the Spanish Government’s decision to freeze rates was overturned several times by the Supreme Court.
That meant the extra costs were backdated by some months and added to bills between August and October.
As long as the Government does not renege on its pledge not to increase regulated costs, your electricity bills will definitely improve from next month
More... (http://www.canarianweekly.com/electricy-shocks-time/)
To the relief of home-owners, Wednesday’s quarterly auction of electrical energy
proved favourable and prices tumbled by 15%, although the actual consumption is only about half of the average bill.
The 20 million consumers supplied by the State-run electricity boards Iberdrola, Endesa, Gas Natural Fenosa, E.On and HC will receive lower bills. But the remaining 6.5 million who use open-market suppliers will not benefit.
The cost of electricity, once almost too cheap to believe against sky-highUKrates, increased steadily for 3½ years, then shot up on several occasions in the last 18 months.
In January alone it rose by 3% after the most recent energy auction. Yet tariffs actually fell twice between mid-2009 and the end of 2012.
The second price drop was last September, by 2%, but it went unnoticed because IVA went from 18% to 21%, and the Spanish Government’s decision to freeze rates was overturned several times by the Supreme Court.
That meant the extra costs were backdated by some months and added to bills between August and October.
As long as the Government does not renege on its pledge not to increase regulated costs, your electricity bills will definitely improve from next month
More... (http://www.canarianweekly.com/electricy-shocks-time/)