CNE wants to put electric up by 31%

The CNE (Comision Nacional de Energia, or National Energy Commission) wants to put the price of domestic electricity up by 31% as from January 09. This proposal has been met with cries of horror by the politicians. Not to mention us poor buggers who have to pay for it. The problem stems from the fact that the electric companies (Endesa, Iberdrola, etc) are generating electric for more than they are allowed to sell it for. The deficit Continue reading CNE wants to put electric up by 31%