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Spain has to bring down emissions by 26 percentage points by 2012 (Photo: European Commission)

Greenhouse cuts to affect electricity rates, says Madrid

As Europe readies itself to cut greenhouse gases in line with EU and Kyoto obligations, the Spanish government has warned that domestic electricity prices will rise.

Environment Minister Cristina Narbona said for the first time yesterday that meeting greenhouse gas targets will affect domestic electricity prices, while vowing to limit the impact on consumers.

"Without doubt they [prices] will rise", she said presenting a preview of ...

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Spain has to bring down emissions by 26 percentage points by 2012 (Photo: European Commission)

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