Spain’s electricity bills surge quicker than European peers ...| MENAFN.COM

Sunday, 04 December 2022 12:45 GMT

Spain’s electricity bills surge quicker than European peers despite gas price limit


(MENAFN) In spite of high interferences in Spain’s electricity markets, such as a limit on the price of gas, Spanish costumers are witnessing their month-on-month electricity bills surge quicker than many of their European peers.

Last month, average electricity bills were 60.6 percent in comparison with the year before in Spain, in line with Harmonized Index of Consumer Prices (HICP) figures from Eurostat.

In Germany, as a comparison, which has been massively dependent on Russian gas, average electricity bills had only surged 16.6 percent in the same time span.

France, which has dealt with extended stoppages of its nuclear reactors because of a shortage of water for cooling and maintenance problems, has also kept its customers secure from harsh electricity bill rises, there, expenses only increased 7.7 percent.

Through the EU, there are huge gabs in how much prices have surged through the past 12 months, with the average yearly surge sitting at 35.7 percent.

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