Cypriot households pay most expensive electricity in the EU

Cypriot households pay the most expensive electricity in the EU, according to figures by Eurostat, the statistical office of the European Union.

In the EU27, household electricity prices rose by 6.6% between the second half of 2011 and the second half of 2012, after an increase of 6.3% between the second half of 2010 and 2011.

Household gas prices increased by 10.3% in the EU27 between the second half of 2011 and 2012, after a rise of 12.6% between the second half of 2010 and 2011.
Change in electricity prices ranged from -5% in Sweden to +21% in Cyprus

Between the second half of 2011 and the second half of 2012, the highest increases in household electricity prices in national currency were registered in Cyprus (+21%), Greece (+15%), Italy (+11%), Ireland and Portugal (both +10%), Bulgaria, Spain and Poland (all +9%).

Decreases were observed in Sweden (-5%), Hungary (-2%) and Finland (-1%), while prices remained stable in Denmark and Malta.

Expressed in euro, average household electricity prices in the second half of 2012 were lowest in Bulgaria (9.6 euro per 100 kWh), Romania (10.8) and Estonia (11.2), and highest in Denmark (29.7), Cyprus (29.1), Germany (26.8) and Italy (23.0). The average electricity price in the EU27 was 19.7 euro per 100 kWh.

When expressed in purchasing power standards (PPS), the lowest household electricity prices were found in Finland (12.7 PPS per 100 kWh), France (13.0), Luxembourg (14.0) and Sweden (15.5), and the highest in Cyprus (32.9), Germany and Poland (both 25.9), Portugal (25.7) and Hungary (25.5).