Serbia accounts for the lowest price of electricity in Europe, €6/100kWh. With €7.8 Former Yugoslav Republic of Macedonia ranks second, while the latest EU Member State Croatia ranks third with €13.2/kWh. The latest findings by European Union statistical office Eurostat show that Denmark produces the most expensive electricity, €30.4/kWh followed by Germany with €29.7.
When it comes to household gas prices, Serbia, with the price of €4.5 per 100kWh, falls within lower half of the table. Romanians pay the lowest price, €3.2, followed by Hungarians (€3.5), whereas Sweden (€11.4) and Portugal (10.4 Euros) rank the highest.
As far as the share of taxes and levies go, Serbia accounts for 18 per cent in electricity prices, placing it once again in the lower half of the table. Denmark has the highest taxes and levies (57 per cent share of electricity price) followed by Germany (52 per cent). When it comes to the region, share of taxes and levies in electricity price in Montenegro is 12 per cent, that is 14 in Bosnia and Herzegovina.
The UK and Malta are only countries whose share of taxes and levies in household gas prices (five per cent) are lower than Serbian (nine per cent). Denmark is once again ranked the highest (61 per cent), followed by Romania (52 per cent).
Rise in electricity prices in the EU
In the European Union (EU), household electricity prices rose by 2.9% on average between the second half of 2013 and the second half of 2014 to reach €20.8 per 100 kWh.
Since 2008, electricity prices in the EU have increased by more than 30%. Across the EU Member States, household electricity prices in the second half of 2014 ranged from €9 per 100 kWh in Bulgaria to more than €30 per 100 kWh in Denmark.
Household gas prices2 increased by 2.0% on average in the EU between the second halves of 2013 and 2014 to hit €7.2 per 100 kWh. Since 2008, gas prices in the EU have risen by 35%. Among Member States, household gas prices in the second half of 2014 ranged from just over €3 per 100 kWh in Romania to above €11 per 100 kWh in Sweden.
Taxes and levies made up on average in the EU 32% of the electricity price charged to households in the second half of 2014, and 23% of the gas price.
Across the EU Member States, the highest increase in household electricity prices in national currency between the second half of 2013 and the second half of 2014 was registered by far in France (+10.2%), followed by Luxembourg (+5.6%), Ireland (+5.4%), Greece (+5.2%), Portugal (+4.7%), the United Kingdom (+4.6%) and Spain (+4.1%).
In contrast, the most noticeable decrease was observed in Malta (-26.2%), well ahead of the Czech Republic (-10.2%), Hungary (-9.9%), the Netherlands (-9.6%), Slovakia (-9.2%) and Belgium (-7.8%).
Expressed in euro, average household electricity prices in the second half of 2014 were lowest in Bulgaria (€9.0 per 100 kWh) and Hungary (€11.5) and highest in Denmark (€30.4) and Germany (€29.7). The average electricity price in the EU was €20.8 per 100 kWh.
Lowest gas prices in euro in Romania and Hungary, highest in Sweden and Portugal
Between the second half of 2013 and the second half of 2014, the highest increases in household gas prices in national currency were observed in Portugal (+11.4%), Spain (+7.5%) and France (+4.5%), and the highest decreases in Lithuania (-18.6%), Hungary (-13.0%), Slovenia (-10.7%), Denmark (-10.3%) and Greece (-10.1%).
Expressed in euro, average household gas prices in the second half of 2014 were lowest in Romania (€3.2 per 100 kWh) and Hungary (€3.5), and highest in Sweden (€11.4), Portugal (€10.4), Spain (€9.6) and Italy (€9.5). The average gas price in the EU was €7.2 per 100 kWh.
