Energy reform will have no 'significant' effect on consumer prices -official

MADRID, July 12 | Fri Jul 12, 2013 6:35am EDT

MADRID, July 12 (Reuters) - An overhaul of Spain's energy market, set to be passed later on Friday, will not have a significant effect on consumer prices, Economy Secretary Fernando Jimenez Latorre said.

Asked whether the reform will lead to an increase in consumers' power bills, Latorre said at news conference: "I don't forecast that it will have a significant impact on the (consumer price index)."

Five sources told Reuters earlier on Friday that the cost of the reform, which will aim to close a multi-billion-euro gap created by years of mismatched regulated prices and costs, is expected to be taken on by Spain's main utilities and consumers.

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