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Cake day: October 4th, 2023

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  • I always like to check out the data myself. Out of the 39 countries Eurostat tracks for household electricity prices, Portugal is 17th highest. Prices decreased around 1% last year for consumers. Portugal consumers pay the 5th highest rate of taxes and levies for electricity in the same cohort. Last year, Portugal had the third highest increase in electricity prices for businesses.

    This is a mixed bag for me. They’re about middle of the pack for consumer prices, but prices aren’t coming down, and businesses are facing massive increases. This will have downstream effects on jobs and the economy. See Germany.