Electricity facilities of Fecsa (property of Endesa) are seen in Barcelona December 20, 2013. Spain is looking for a new way to set electricity prices after a double-digit spike at a wholesale auction... more 
Electricity facilities of Fecsa (property of Endesa) are seen in Barcelona December 20, 2013. Spain is looking for a new way to set electricity prices after a double-digit spike at a wholesale auction threatened a painful rise in household bills, the prime minister said on Friday, a move that could hit the country's utilities. Spain's competition watchdog CNMC had previously annulled the results of a quarterly auction of wholesale electricity, in which prices logged a big jump that could have translated into a 10.5 percent rise in power bills. REUTERS/Albert Gea (SPAIN - Tags: POLITICS BUSINESS) less 
1 / 6
Reuters | Photo By ALBERT GEA / REUTERS
Fri, Dec 20, 2013 12:59 PM EST