Cypriots pay the second-highest rates for electricity in Europe when adjusted for spending power, Eurostat data released on Tuesday showed.

Only consumers in the Czech Republic pay more for their household energy bills than those in Cyprus, with the former paying 41 purchasing power standard (PPS) per 100 kilowatt hours, while consumers in Cyprus fork out 35.7.

The PPS is an artificial currency unit, where one PPS unit can buy the same amount of goods and services in each country. It is calculated by dividing a country’s economic aggregate – the total value of goods and services produced – by its purchasing power parity – an indicator of its relative cost of living.

Other relatively high prices were recorded in Poland at 34.67, Germany at 35.23, and Romania at 32.69.

Greece’s rate was recorded as 28.53, while Turkey’s was markedly cheaper, at 20.18.

The lowest rates were recorded in Malta at 14.33, Luxembourg at 15.4, and Hungary at 15.45.

In terms of overall figures, when taxes and other levies are included, Cyprus has the sixth-highest household energy prices in Europe.

The 32.51 cents per kilowatt hour Cypriots pay is less than the prices paid by consumers in Germany, Denmark, Ireland, Belgium, and the Czech Republic, with those in Germany paying 39.43 cents per kilowatt hour.

At the other end of the scale, Bulgaria has the lowest household electricity prices in the EU, at just 12.17 cents per kilowatt hour, while Turkey, at 6.2 cents per kilowatt hour, has the lowest rate on the continent as a whole. Consumers in Greece pay 23.11 cents per kilowatt hour.

Non-household consumers in Cyprus have higher electricity bills than anywhere else in Europe, according to Eurostat, with their statistics based on prices paid by “medium-sized consumers with an annual consumption between 500 megawatt hours and 2,000 megawatt hours”.

With all taxes and levies included, consumers in Cyprus paid 30.41 cents per kilowatt hour – almost two cents per kilowatt hour more than second-placed Denmark, where non-household consumers pay 28.67 cents per kilowatt hour, and third-placed Hungary, where non-household consumers pay 28.61 cents per kilowatt hour.

The lowest rate in the EU was recorded in Finland, where non-household consumers pay just 9.59 cents per kilowatt hour, while the lowest rate across the continent – just 0.2 cents per kilowatt hour – was recorded in Kosovo.

Non-household consumers in Greece pay 21.24 cents per kilowatt hour, while non-household consumers in Turkey pay 11.67 cents per kilowatt hour.