Cyprus Mail
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Highest electricity price rise in EU

Cyprus registered the highest increase in household electricity prices in the EU between the second half of 2017 and the second half of 2018, Eurostat figures published on Tuesday show.

The increase in Cyprus was 19.6 per cent, with Spain a distant second at 13.8 per cent and the Netherlands third (+9.7 per cent).

Decreases were observed in only four countries: Latvia, Poland, Germany and Lithuania.

On average, household electricity prices in the EU increased to €21.1 per 100kWh (+3.5 per cent) between the second half of 2017 and the second half of 2018. Nevertheless, the average EU household electricity price was only €0.1 per 100kWh higher than in the second half of 2015, the former peak in the last ten years. Across the EU, household electricity prices in the second half of 2018 ranged from €10 per 100kWh in Bulgaria to around €30 per 100kWh in Denmark, Germany and Belgium.

In Cyprus, the price was €21.8, the seventh highest in the European Union.

The share of taxes and levies in total household electricity prices varied significantly between countries, ranging from nearly two-thirds in Denmark (64 per cent) and over half in Portugal and Germany, 55 and 54 per cent respectively to only 6 per cent in Malta.

Cyprus also had the highest non-household electricity prices in the second half of 2018, Eurostat reported.

In the last six months of 2018 non-household electricity prices ranged from around €7.1 per 100kWh in Finland and €7.2 in Czech to €15.2 in Germany and more than €18.1 per 100kWh in Cyprus.

 

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