We can expect to see some savage rises in the cost of electricity before the end of the year warns consumer organisation FACUA. You see, we all know about the fuss earlier this year with the electric companies keeping the price artificially high. The government was forced to act due to public outrage (and the threat of an EU investigation), and prices dropped, ever so slightly.
Have you ever thought about checking your contracted power level? FACUA, the consumer union, is advising households to check the potencia eléctrica contratada in their homes. Many household will have a potencia which is higher than they need, meaning they’re paying for something they never use. You see, in short: When you sign up for a power supply, you choose a contract power level (potencia eléctrica contratada) which appears on your bill. The default level Continue reading Tried saving on energy bills by checking your supplied power?
Spain halted subsidies for renewable energy projects to help curb its budget deficit and rein in power-system borrowings backed by the state that reached 24 billion euros ($31 billion) at the end of 2011. “What is today an energy problem could become a financial problem,” Industry Minister Jose Manuel Soria said in Madrid. The government passed a decree today stopping subsidies for new wind, solar, co-generation or waste incineration plants. The system’s debts were racked Continue reading Spain Suspends Subsidies for New Renewable Energy Power Plants
The quarterly revision of electric prices issued by the CNE (Comision Nacional del Energia, or National Energy Commission) has recommended raising electric prices across the board, from 2.8% all the way up to 10.4% (depending upon use of the electric, different prices are applied), after having approved raises of 5.6% in January and 3.3% in July. The changes would be applied as from the 1st of October is approved by the government next week. The Continue reading CNE proposes raise in price of electric from between 2.8% to 10.4%