Electricity prices rise by 60% in five years

Consumer Association Facua confirmed yesterday that the latest electricity price hike means that the average user will pay 30.58 per month more than in 2007, representing an increase of 60% in the last five years. Currently, a consumer with 4.4 kW of contracted power and a monthly consumption of 366 kWh, the average in Spain, has been paying 73.99 euros per month (59.65 plus indirect taxes) for electricity. In April 2007, the average electricity bill was 48.59 euros per month (including tax). The 7% rise just announced by the Government and implemented as of yesterday, means that the average user will now be paying 79.17 euros per month, representing a cumulative increase in five years 62.9%.