FACUA reports Bulb for raising tariffs by 65% to its customers in violation of the law

FACUA-Consumers in Action has reported the electricity supplier Bulb -recently acquired by Holaluz- for applying a 65% tariff increase to its customers as of this January, in violation of the regulations. The complaint has been filed with the Minister of Consumer Affairs and the regional consumer protection authorities.

The company has informed its customers that from 22 January it will raise its tariffs on the grounds that the price of electricity on the wholesale market is rising. «As you have probably seen in the news, the price of energy on the wholesale market continues to rise. Since September it has risen by 59.24% and on 20 December it reached a new all-time high of 340 euros per megawatt hour. This realization means that we are forced to modify our tariff