Bloomberg News

Spain Power Price Must Rise 17% on Court Ruling, Cinco Dias Says

March 15, 2012

The Spanish government will have to raise power prices by 17 percent to comply with a ruling by the Supreme Court, Cinco Dias reported, citing estimates from the power companies.

The court this week said that the Industry Ministry must increase prices to cover an additional 900 million euros ($1.2 billion) of costs, the newspaper said.

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