MORE ON ELECTRICITY PRICE RISE

Industry Minister Miguel Sebastian gave more details last Friday about the increased prices for electricity which takes effect on July 1st. He said the increase would average out at 5.6% and that as of July, the bills will be sent out every month, instead of every two months. All consumers will be charged a basic 12.5 kilowatts per month, and those who use more than 1,000 kilowatts every two months will be penalised. In addition to a new so-called social tariff for users who have a contracted a power level of less than three kilowatts, there will be a new “tarifa ahorro” (savings tariff) to replace the old cheaper night rate which was being used by 1.1 million homes. It offers savings of up to 47% on power used between 10pm and 10am, but it needs a special meter capable of recording the hours of power use.

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