The EU countries where household electricity and gas are the cheapest
Household electricity and gas prices decreased between the second half of 2015 and the second half of 2016, with some countries having an average price three times higher than others.
According to Eurostat numbers, household electricity prices decreased in the European Union (EU) by 2.3% on average between the second half of 2015 and the second half of 2016. They now stand at €20.5 per 100 kWh. In the same period, household gas prices went down by 10.5% on average to €6.4 per 100 kWh.
The largest decreases in household electricity prices, in national currencies, were observed in the Netherlands (-13.8%) and Cyprus (-11.8%), followed by Lithuania (-5.8%), Romania (-5.6%) and Ireland (-4.7%). In contrast, the most noticeable increase was registered in Belgium (+16.7%), well ahead of Sweden (+7.7%) and Portugal (+3.5%).
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Expressed in euro, average household electricity prices in the second half of 2016 were lowest in Bulgaria (€9.4 per 100 kWh), Hungary (€11.3) and Lithuania (€11.7), and highest in Denmark (€30.8), Germany (€29.8) and Belgium (€27.5).
When expressed in purchasing power standards the lowest household electricity prices were found in Finland, Luxembourg, and the Netherlands, while the highest in Portugal, Germany, Belgium, Spain, and Romania.
Between the second half of 2015 and the second half of 2016, household gas prices, expressed in national currencies, decreased in all Member States, except in Hungary (+1.5%), the Netherlands (+0.6%) and Sweden (+0.2%). The largest falls were observed in Croatia and Bulgaria (both -20.4%), ahead of Latvia (-16.3%), Portugal (-15.9%), Estonia (-14.6%), Belgium (-14.0%), Luxembourg (-13.3%) and Greece (-13.1%).
Expressed in euro, the average household gas prices in the second half of 2016 were lowest in Bulgaria (€3.1 per 100 kWh), Romania (€3.2), Estonia (€3.3), Hungary (€3.6) and Croatia (€3.7) and highest in Sweden (€11.4), followed by Spain (€8.6), Italy (€8.4), Portugal (€8.3) and the Netherlands (€8.1).
Adjusted for purchasing power, it can be seen that, relative to the cost of other goods and services, the lowest household gas prices were recorded in Luxembourg, Estonia, the United Kingdom, and Belgium, while the highest prices were registered in Portugal, Spain, Sweden, the Czech Republic, and Italy.
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