Spanish Household Power Prices to Jump - WSJ.com: "Spanish government's move to raise household electricity prices by 9.8% from Jan. 1 could stoke inflationary pressures as the higher prices pass through households and into the larger economy.
The increase will affect around 17 million Spanish households that rely on the so-called 'price of last resort,' the only one still set by the government after the sector was liberalized in recent years, Spain's industry ministry said late Monday. This price is available only to households using less than 10 kilowatt hours that decline to negotiate directly with power companies.
The increase adds to inflationary pressures facing consumers. Spain's consumer-price index rose 2.3% in November from a year earlier, a pace that is among fastest in the euro zone and above the European Central Bank's 2% ceiling for the region."
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