Berliner Boersenzeitung - Left out in the cold by Spain's soaring energy prices

EUR -
AED 4.104306
AFN 77.088534
ALL 99.418435
AMD 432.750729
ANG 2.014513
AOA 1036.724537
ARS 1074.451554
AUD 1.643292
AWG 2.011389
AZN 1.904081
BAM 1.959102
BBD 2.256903
BDT 133.575108
BGN 1.957551
BHD 0.421186
BIF 3240.302737
BMD 1.117438
BND 1.444334
BOB 7.723878
BRL 6.162229
BSD 1.117784
BTN 93.422468
BWP 14.776034
BYN 3.658065
BYR 21901.788071
BZD 2.253057
CAD 1.517761
CDF 3208.165381
CHF 0.950498
CLF 0.037689
CLP 1039.944272
CNY 7.880067
CNH 7.870123
COP 4639.424479
CRC 579.967011
CUC 1.117438
CUP 29.612111
CVE 110.449653
CZK 25.087721
DJF 198.591551
DKK 7.466615
DOP 67.093069
DZD 147.830834
EGP 54.137737
ERN 16.761573
ETB 129.707168
FJD 2.459262
FKP 0.850995
GBP 0.838981
GEL 3.051043
GGP 0.850995
GHS 17.572299
GIP 0.850995
GMD 76.548818
GNF 9657.145107
GTQ 8.640639
GYD 233.829878
HKD 8.704949
HNL 27.727728
HRK 7.597474
HTG 147.485911
HUF 393.495109
IDR 16941.25656
ILS 4.221139
IMP 0.850995
INR 93.284241
IQD 1464.267663
IRR 47035.770303
ISK 152.262556
JEP 0.850995
JMD 175.615957
JOD 0.791709
JPY 160.803866
KES 144.194651
KGS 94.13132
KHR 4539.650463
KMF 493.181764
KPW 1005.693717
KRW 1488.990591
KWD 0.340897
KYD 0.931478
KZT 535.903542
LAK 24682.153929
LBP 100095.695125
LKR 341.03473
LRD 223.552742
LSL 19.623146
LTL 3.299505
LVL 0.675928
LYD 5.308136
MAD 10.838854
MDL 19.505046
MGA 5055.429199
MKD 61.70629
MMK 3629.395577
MNT 3797.054841
MOP 8.97236
MRU 44.421259
MUR 51.268486
MVR 17.164273
MWK 1938.031388
MXN 21.697078
MYR 4.698871
MZN 71.348848
NAD 19.62297
NGN 1831.984424
NIO 41.138777
NOK 11.713438
NPR 149.47891
NZD 1.791484
OMR 0.430165
PAB 1.117764
PEN 4.189604
PGK 4.375531
PHP 62.188829
PKR 310.5762
PLN 4.274593
PYG 8720.696587
QAR 4.075168
RON 4.97875
RSD 117.195711
RUB 103.07316
RWF 1506.852914
SAR 4.193122
SBD 9.282489
SCR 14.849973
SDG 672.143165
SEK 11.364797
SGD 1.442841
SHP 0.850995
SLE 25.530448
SLL 23432.113894
SOS 638.782227
SRD 33.752262
STD 23128.713955
SVC 9.780351
SYP 2807.596846
SZL 19.630258
THB 36.767793
TJS 11.881811
TMT 3.911034
TND 3.386908
TOP 2.617156
TRY 38.132438
TTD 7.602676
TWD 35.736832
TZS 3046.362208
UAH 46.202417
UGX 4141.127086
USD 1.117438
UYU 46.187217
UZS 14223.971001
VEF 4047978.463464
VES 41.096875
VND 27494.566096
VUV 132.664504
WST 3.125992
XAF 657.05254
XAG 0.035881
XAU 0.000426
XCD 3.019933
XDR 0.828396
XOF 657.055485
XPF 119.331742
YER 279.722751
ZAR 19.426272
ZMK 10058.288435
ZMW 29.592341
ZWL 359.814634
  • RBGPF

    3.5000

    60.5

    +5.79%

  • AZN

    -0.5200

    78.38

    -0.66%

  • CMSD

    0.0100

    25.02

    +0.04%

  • SCS

    -0.3900

    12.92

    -3.02%

  • NGG

    0.7200

    69.55

    +1.04%

  • RIO

    -1.6100

    63.57

    -2.53%

  • RELX

    -0.1400

    47.99

    -0.29%

  • BCC

    -7.1900

    137.5

    -5.23%

  • CMSC

    0.0300

    25.15

    +0.12%

  • GSK

    -0.8200

    40.8

    -2.01%

  • JRI

    -0.0800

    13.32

    -0.6%

  • RYCEF

    0.0000

    6.95

    0%

  • BCE

    -0.1500

    35.04

    -0.43%

  • VOD

    -0.0500

    10.01

    -0.5%

  • BP

    -0.1200

    32.64

    -0.37%

  • BTI

    -0.1300

    37.44

    -0.35%

Left out in the cold by Spain's soaring energy prices
Left out in the cold by Spain's soaring energy prices

Left out in the cold by Spain's soaring energy prices

In her flat on the outskirts of Madrid, Pamela Ponce no longer turns on the heating despite the biting chill coming in through the windows.

Text size:

"The prices have gone up a lot, I have no choice," sighs Ponce, a young Peruvian mother, her voice resigned.

On this bitterly cold January morning, the temperature outside is hovering around five degrees Celsius (41 degrees Fahrenheit). And inside, it's barely much warmer.

"It can also be very cold inside, above all when there's no sun," she says, walking through the three rooms where she lives with her mother and two children in Leganes.

This 32-year-old says she hasn't been able to pay her electricity bills for the past three months with prices in Spain soaring by a staggering 72 percent over the last year, one of the highest increases within the European Union.

The hike has been in part driven by Spain's excessive dependence on gas to produce electricity and the lack of a major power provider like in many other countries to help keep prices in check through reduced tariffs.

"Before I was paying between 35 and 60 euros a month but now, it's more than 100 euros, without even mentioning gas which has also gone up," explains Ponce, who hasn't worked since catching Covid which left her with severe after-effects, notably affecting her left hand.

"I just don't know what to do," says the former cleaning lady who admits she's reliant upon her ex-partner to pay the rent and buy food.

"I feel like I'm drowning," she whispers, her voice choked with emotion.

In an attempt to heat the flat, she has bought a heater that runs off a gas bottle which she moves from room to room depending on what they need.

"It's cheaper," she says. But everything else is strictly rationed.

"My kids only take a shower every other day (and) I generally cook for 2 or 3 days at a time so I don't have to turn the cooker on so much," she explains.

- More and more families affected -

And there are countless others like her.

"More and more families are struggling to pay their bills" and "have to chose between paying for food or light at the end of the month," says Sara Casas, head of environmental issues at the Spanish Red Cross.

Last year, Spain's left-wing government announced a series of tax cuts to try and bring down household bills but even this has not compensated for the huge rise in prices.

According to the UOC, Spain's largest consumer organisation, the average annual home electricity bill in Spain has risen from 675 euros in 2020 to 949 euros in 2021, a rise of 41 percent.

The previous record jump, in 2018, was 18 percent.

Vulnerable people, such as "single mums with children, older people with a low income and migrants" are particularly badly hit because many "struggle to get benefits because there's a lot of red tape and you have to bring in a lot of paperwork," says Casas.

- Layering up, homemade heaters -

According to an awareness campaign being run by Medicos del Mundo, some 6.8 million of Spain's 47 million residents are suffering to one degree or another from "energy poverty".

Such a situation brings with it "a higher risk of suffering from chronic bronchitis, depression and anxiety," the NGO says.

One of those struggling is Raul, a 55-year-old computer technician who lives with his wife, daughter and 82-year-old mother-in-law in the northwestern city of A Coruna.

"Whenever we turn something on, we have to think about how much the bill will go up," says Raul who hasn't worked since suffering a stroke in March 2021, with the family living off his wife's salary.

"My neurologist told me I should avoid stress but it's very difficult when you don't know if you're going to be able to pay next month's bills," he says, admitting they have barely switched on the heating this winter, despite the cold and the humidity.

"We bought a heated blanket for my mother-in-law" and "inside the house, I always wear lots of jumpers or coats," he says.

He has also been trying to cobble together a home-made heater.

"It's a temporary solution," shrugs Raul, who says he is keeping his fingers crossed "that the prices will eventually come down".

(A.Berg--BBZ)