Given the mass hysteria online over the supposed electricity price hike, I thought I’d drill down and see what was happening. The first thing to understand is that those who react to the message are on the periphery of Spanish political in-fighting. Last week there was a concerted surge of popular messages across Spain calling for an apagón (switch-off) on Friday to protest against high electricity prices. Different political parties threw their weight behind one Continue reading So what’s all this about electricity prices rising 33%?
Electricty for domestic users will rise between 5% and 7% as from next month, according to the Ministry of Industry, as the state reduces the amount it subsidised the electricty generators by a further 500 million euros.