Shock news: Electricity prices to drop
Alex Dunham · 21 Mar 2013, 10:56
Published: 21 Mar 2013 10:56 GMT+01:00
Those struggling to pay their bills are in luck — electricity bills in Spain will fall 6.7% from April 1st.
The drop is due to a 15 percent dip in overall energy prices, with the hourly megawatt rate for big names like Endesa, Iberdrola, Gas Natural Fenosa, E.ON and Hidrocantábrico falling from €54.6 to €45,4.
That doesn't hide the fact that electricity bills have gone up a whopping 60 percent over the last five years.
Other items which have risen in price recently include gas — up over 7 percent in the last year — and medicines, up 12.9 percent in real terms according to the national stats body, the INE.