The average price for electricity for non-household consumers in the European Union (EU), calculated excluding VAT and other recoverable taxes and levies, was around Euros 11.5 per 100 kWh in the second half of 2018. It has increased around 2.8% on average between the second half of 2017 and the second half of 2018 and about 13.2% over the last decade, according to Eurostat, the statistical service of the EU.
On average, in the EU, non-household natural gas prices, excluding VAT and other recoverable taxes and levies, grew to Euros 3.1 per 100 kWh (+ 11.0%) between the second halves of 2017 and 2018. Contrary to electricity prices, the price of non-household natural gas fell by 20.4% over the last decade.
In the second half of 2018, non-recoverable taxes and levies accounted for close to one third (30.0%) of the electricity price charged to non-households and around one tenth (10.9%) of the natural gas price.
Across the EU Member States, in the last six months of 2018 non-household electricity prices ranged from around Euros 7.1 per 100 kWh in Finland and Euros 7.2 in Czechia to Euros 15.2 in Germany and more than Euros 18.1 per 100 kWh in Cyprus.
?mong Member States, non-household natural gas prices in the second half of 2018 ranged from a minimum of Euros 2.5 per 100 kWh in Belgium to around Euros 4.8 in Sweden and a maximum of Euros 5.9 per 100 kWh in Finland. Prices in all other countries are ranging from Euros 2.7 to Euros 3.9 per 100 kWh.
Electricity prices refer to prices for a non-household consumer with an annual consumption within the range of 500MWh < consumption < 2000MWh. Natural gas prices refer to prices for a non-household consumer with an annual consumption within the range of 2778MWh < consumption < 27778MWh. The selected bands are the most representative of the population of the EU as most consumers in EU fall into these bands.
Source: Cyprus News Agency