Domestic electricity will also go up
chrisbj 01 Jul 2008 16:57
The cost of domestic electricity will rise after July 1st. According to the Economist (June 28th 2008) The average increase will be about 5.6%, but some families will see a rise of 16%. This is due to the gradual removal of Governemnt subsidies. The cumulative difference between what it costs power companies to produce power and what they are allowed to charge for it, the "tariff deficit" has now ballooned to €14 billion.