News Local Eurostat: Household electricity prices up 16.4% in Cyprus in first half of...

Eurostat: Household electricity prices up 16.4% in Cyprus in first half of 2019

 

Cyprus household electricity prices in the first half of 2019 jumped an annual 16.4%,  the second highest increase among the EU28, according to figures published by Eurostat on Tuesday. Overall Cyprus had the seventh most expensive electricity in the EU.

It said that in the first half of 2019, average household electricity prices in the EU increased slightly compared with the first half of 2018 (€20 per 100 kWh), standing at €21 per 100 kWh. Average gas prices in the EU were stable and stood at €6 per 100 kWh in the first half of 2019.

Taxes and levies accounted for more than a third (37%) of the electricity bills charged to households in the EU in the first half of 2019. For gas bills, the corresponding share was 27%.

Largest fall in electricity prices in Denmark, highest increase in the Netherlands

Between the first half of 2018 and the first half of 2019, the largest decreases in household electricity prices, in national currencies, were observed in Denmark (-4.3%) and Portugal (-4.1%), followed by Poland (-3.1%) and Greece (-1.3%).

By contrast, the largest increase was registered in the Netherlands (+20.3%), ahead of Cyprus (+16.4%), Lithuania (+14.4%) and Czechia (+12.0%).

Expressed in euro, average household electricity prices in the first half of 2019 were lowest in Bulgaria (€9.9 per 100 kWh), Hungary (€11.2) and Lithuania (€12.5) and highest in Germany (€30.9), Denmark (€29.8) and Belgium (€28.4).

In Cyprus they stood at €22.03 — equal to the EU28 average as well as to household electricity prices in Portugal.

The source dataset is accessible here.

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