Cyprus Mail
Cyprus Energy

Electricity price hikes, highest in the EU

Cyprus household electricity prices rose 22 per cent rise in the 12 months to June, the biggest increase in the EU, according to the EU’s statistical agency, Eurostat.

Across the EU member states, the highest increase in household electricity prices in national currency between the first half of 2016 and the first half of 2017 was registered in Cyprus followed by Greece at 12.8 per cent.

Belgium was third with 10 per cent, followed by Poland, 6.9 per cent, Sweden, 5.5 per cent, and Spain, 5.1 per cent.

Across the EU, household electricity prices fell slightly, -0.5 per cent on average, between the first half of 2016 and the first half of 2017, reaching €20.4 per 100 kWh.

The most noticeable drops were observed in Italy, -11.2 per cent, Croatia, -10.2 per cent, and Lithuania, -9.3 per cent.

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.

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. The highest were recorded in Denmark and Germany, both €30.5, followed by Belgium, €28.0. In Cyprus it was €18.6.

The average electricity price in the EU was €20.4 per 100 kWh

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