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.