Thursday, March 15, 2012

MALLORCA TODAY - Electricity prices going up again

Thanks to a Supreme Court ruling in favour of electricity providers Endesa and Iberdrola, a freezing of electricity prices, as applied to the TUR (which translates literally as the tariff of last resort and is one that a majority of households have), has in effect been judged unlawful (it was the government that insisted on it). This means invoices for the last quarter of last year will have to be recalculated and will result in a 6% rise in the price of electricity.

See more: Diario de Mallorca

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