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Who is covering the Spanish electricity tariff deficit? Consumers will

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Posted By: The Corner 2nd July 2012

The electricity bill in Spain rose by 3.95 percent on July 1, as a consequence of a transfer of higher generation costs. The natural gas bill went up, too, by 2.26 percent. But demand in both cases fell last month, by -1.8 percent and -1.8 percent, respectively.

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The update in prices affects clients with regulated tariffs, that is 74 percent. It doesn't reflect, though, costs of transport, distribution or subsidies to renewable energies. Technical analysts in Madrid calculate the gap at €4.5 billion per year.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.