August household bills throughout Spain expected to be 44 per cent higher than a year ago
The early part of this week provided some relief throughout Spain in terms of the cost of electricity as the wholesale price per Megawatt hour dropped to below 100 euros, but a sharp increase on Friday, August 20 has seen the average for the day rise again to 117.14 euros, only 15 cents short of the record which was set a week ago.
The 100-euro barrier will be exceeded all day, with prices ranging from 104.07 euros between 17.00 and 18.00 to 126 euros between 21.00 and 22.00, marking a return to the levels which were reached during the extreme heatwave of last weekend.
This tariff is just one of the elements which make up household bills but it is an important one, accounting on average for around 24 per cent of the total amount payable every month. The figure is approximately three times higher than in August last year but thankfully the effect on the monthly bills paid by consumers will not be as drastic.
Nonetheless, the Facua-Consumidores en Acción consumers’ association calculates that this August the average household bill will reach 91.62 euros, a rise of almost 44 per cent from the 63.77 euros of August 2020.
Source: Murcia Today