Friday, December 20, 2013

Fingers crossed

Like most small consumers, we are on the tariff of last resort or TUR. There are two roughly equal parts, the cost of energy and the tolls that the government set.

The price paid for energy is set by auctions such as the one held yesterday when the price jumped up 25.6% meaning that our bills would rise by 11.5% in January. Thankfully, the Ministry of Industry and Energy have intervened and the hope is that the rise won’t happen. In fact the Minister, Jose Manuel Soria has said it will not happen and the Prime Minister says that he will try and correct the possibility of a rise.

For many in Spain, any rise in energy costs would be a disaster let alone one of 11%. Let us hope that this can be resolved for all our sakes.

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