Electricity bills rise set at 2.3 per cent

MARIANO RAJOY has announced that the price rise for energy costs during the first quarter of next year will be set at 2.3 per cent.

The government declared that the fixed price rise is an interim measure until a final decision has been reached; they expect permanent measures for bidding to be in place by the second quarter of 2014. The statement follows cancellation of the recent energy price bidding auction, when figures as high as an 11-13 per cent increase were on the table.

Electricity costs have already risen by 10 oer cent in the last nine months, the last three price rises were in July, August and October. The total increase since 2006 is around 70 per cent. Rajoy stated that balancing scaling energy costs is one of the most complicated tasks he has had to deal with. He is blaming the previous government for leaving a huge deficit in the energy industry.