Electricity prices rise over summer but still down this year

My combined gas and electricity bill shows a clear trend down despite increasing consumption.

My combined gas and electricity bill shows a clear trend down despite increasing consumption.

Electricity prices at home have risen in recent months, but year-to-date they are still down thanks to big falls at the start of the year.

Electricity bills in Spain rose 1.3% in July compared to the previous month, the third consecutive monthly increase this year, according to data from the National Institute of Statistics (INE). The domestic cost of electricity rose 07% in May, and 8.3% in June.

But in the first four months of the year electricity prices in Spain fell 19%, with prices down 10.6% in January, 6.5% in February, 0.4% in March, and 3.1% in April.

As a result, electricity bills are down 14.9% in the year to the end of July.

The average electricity bill in July was €62.53, compared to €61.63 in June. Just to give you an idea of how the average bill breaks down, the July bill would have been €15.5 fixed cost, €33,97 variable cost of consumption, €2.51 electricity tax, and €10.85 VAT.

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