BILLS RISE: Spain’s electricity prices up 3.9 per cent in April in comparison to last year

ELECTRICITY bills showed at the end of April 3.9 per cent more expensive than last year and up 1% on average daily compared to March.

The electricity bill of an average consumer in Spain reached €66.05 this April compared to €66.09 in the month of March, which represents a rise of 3.9 per cent compared to the same month last year, when it cost €63.59.

Last October, The Ecological Transition Ministry decided to suspend the application of the 7% tax on electricity generation for six months, and which represents as a reduction of around 4% on the bill, but which is no longer valid from mid-April.

Bills had fallen by 1.3% in February, a drop that occurred after the rise of 5.7% experienced in January, after also falling in December. These fluctuations in the price of electricity are produced by variations in the cost of production, which increases when there is little contribution from sources of renewable sources such as water, wind and the more expensive fossil sources, especially gas or charcoal. Other factors such as the price of oil play a part in this.