The real-estate sector in Spain has one and now the electricity companies want one too. What is it? It’s their very own version of the ‘bad bank’, or banco malo as it is known in Spanish. This idea is not a new one and has already been proposed to the Government as a way of [...]
According to an announcement from Spain’s minister for Industry, Energy and Tourism, José Manuel Soria, last week, the price of electricity will ‘most probably’ reduce by more than 3.7% this year. This figure, he says, is the same amount by which the cost of electricity fell last year. “In 2013, the price of electricity in [...]
Did you know that the cost of electricity in Spain went up by a further 8% in July? Personally, I can’t keep up with its meanderings, but what I do know is that the Government’s energy reform has not really been a success. Despite reassurances from the government team that after the reform, electricity prices [...]
We thought that with the regulation of the energy sector and a new system being put in place after the Government stepped in that, that would be the end of our electricity bill increase nightmares and the service would resume some kind of normality. That’s what we were led to believe, but that quite possibly [...]
The Government is demanding that a full investigation is carried out to determine whether electricity companies have colluded together to fix prices and raise the cost of electricity. This is after the quarterly wholesale auction saw the price of electricity increase by a massive 26.5%, which translates to an 11% rise in our electricity bills [...]
