Venezuela to spend $15 billion on energy
CARACAS, VENEZUELA - Venezuela's government says it will spend $15 billion over the next five years to increase electricity production.
Energy Minister Ali Rodriguez said the projects will add 15,000 megawatts by 2015.
Venezuela imposed power and water rationing in December because a severe drought is threatening to drop water levels behind the important Guri Dam to critical lows. The dam supplies most of the country's electricity.
Critics have accused President Hugo Chavez of failing to invest enough in electrical projects to meet growing demand.
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Electricity prices in Germany nearly doubled in a year
BERLIN - Record prices for electricity and gas in Germany will continue to rise in the coming months, the dpa agency, citing estimates from the consumer portal Verivox.
According to him, electricity suppliers, in whose area of responsibility there are 13 million households, made an announcement of tariff increases in April, May and June by 19.5%. Gas tariffs increased by an average of 42.3%.
According to Verivox, electricity prices in Germany have approximately doubled over the year - if previously a household with a consumption of 4,000 kWh paid 1,171 euros a year, now the amount has risen to 1,737 euros. Gas prices have risen even more: last year, a household…
