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Business

New Spanish power billing formula

Published: 28 Dec 2013 - 05:04 am | Last Updated: 27 Jan 2022 - 08:25 am

Power lines near a publicity board depicting a bull in El Berron, near Oviedo,  northern Spain. Spanish competition watchdog has proposed a new method of formulating electricity bills, based on the futures market, that would keep initial 2014 rises below three percent.