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Household electricity prices in the EU down compared with 2016

 

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EUROSTAT has published on 29th that in the European Union (EU), household electricity prices slightly decreased (-0.5%) on average between the first half of 2016 and the first half of 2017 to stand at €20.4 per 100 kWh. Across the EU Member States, household electricity prices in the first half of 2017 ranged from below €10 per 100 kWh in Bulgaria to more than €30 per 100 kWh in Denmark and Germany.

Taxes and levies in the EU made up on average over a third (37%) of the electricity price charged to households in the first half of 2017.

Evolution of household electricity and gas prices in the EU

 Highest increases in electricity prices in Cyprus, Greece and Belgium, largest falls in Italy, Croatia and Lithuania

Across the EU Member States, the highest increase in household electricity prices in national currency between the first half of 2016Average electricity price for households per 100 kWh in 1 and the first half of 2017 was registered by far in Cyprus (+22.0%), followed by Greece (+12.8%), Belgium (+10.0%), Poland (+6.9%), Sweden (+5.5%) and Spain (+5.1%). In contrast, the most noticeable decreases were observed in Italy (-11.2%), Croatia (-10.2%) and Lithuania (-9.3%), well ahead of Luxembourg (-4.9%), Austria (-4.1%), Romania (-4.0%) and the Netherlands (-3.6%).

Expressed in euro, average household electricity prices in the first half of 2017 were lowest in Bulgaria (€9.6 per 100 kWh), Lithuania (€11.2) and Hungary (€11.3) and highest in Denmark and Germany (both €30.5) followed by Belgium (€28.0). The average electricity price in the EU was €20.4 per 100 kWh.

When expressed in purchasing power standards (PPS), an artificial common reference currency that eliminates general price level differences between countries, it can be seen that, relative to the cost of other goods and services, the lowest household electricity prices were found in Finland (12.8 PPS per 100 kWh), Luxembourg (13.5) and the Netherlands (14.2), and the highest in Germany (28.7), Portugal (28.6), Poland (25.9), Belgium (25.6) and Spain (25.4).

Half or more of the electricity price is made up of taxes and levies in Denmark, Germany and Portugal

The share of taxes and levies in total household electricity prices varied significantly between Member States,ranging from two-thirds in Denmark (67% of household electricity price is made up of taxes and levies) and over half in Germany (54%) and Portugal (52%) to 5% in Malta in the first half of 2017. On average in the EU, taxes and levies accounted for more than a third (37%) of household electricity prices.

Source: https://ec.europa.eu/energy/

 

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