Spain – Cheap electricity at what price……..?

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    • #55913
      Anonymous
      Participant

      I was quite amazed when I read the following article which details that Spanish electric prices are subsidised for all consumers and these electric companies are now wanting their money from the government.

      http://www.bloomberg.com/news/2010-10-15/spain-to-sell-eu1-billion-of-power-deficit-bonds-this-month-people-say.html

      Ian

    • #101206
      petej
      Participant

      Seams odd, electric in Spain is more expensive than the UK to start with and as far as I know the UK government don’t subsidise electric prices

    • #101211
      Sonsoles
      Participant

      it is probably a subsidy to pay for the renewable electricity in spain. Wind power has a high capital cost. The UK has very a very low proportion of renewable electricity.
      Sonsoles

    • #101212
      katy
      Blocked

      Most of the capital cost probably came from the EU.

    • #101460
      Anonymous
      Participant

      The spanish gov. has always set the price of electricity , & for many years at below the cost of generating it or buying it in. This is why the price has increased substantilly in recent years. They also set the rate for the 12kg gas cylinders . I read 3 or 4 years ago that the gov. owed the electric co’s. 16 billion euros.

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