Iberdrola Is Hiking the Price of Gas Used for Heating by 140% – BloombergJune 3, 2022
Iberdrola SA, Spain’s largest utility by market value, is increasing the price of gas to residential consumers by about 140%, as it seeks to pass on the global surge in costs.
The estimated annual price of gas per kilowatt-hour is set to rise from July 1 to 0.183 euros before taxes from the previous 0.071 euros, according to a letter to clients seen by Bloomberg News. A separate fixed charge paid by clients will be reduced from 6.08 euros per month to 5.75 euros. The overall increase would be about 140%, according to estimates included in the letter.