The European households that pay the highest electricity prices are in Denmark, Germany and Belgium, according to European Statistical Office Eurostat data for 2018 published on Tuesday. The three countries were already on the podium in 2017. In the European Union, the average price of electricity charged to households increased by an average of 3.5% between the second half of 2017 and the second half of 2018, reaching 21.1 euros per 100 kWh. In Belgium, the price reaches 29.4 euros (of which 32% are taxes and fees), compared to 31.2 in Denmark and 30 in Germany.
Household electricity prices in the lowest in Bulgaria (EUR 0.10 per kWh) during the second half of 2018. Non-household electricity prices in the EU highest in Cyprus (EUR 0.18 per kWh) and lowest in Finland (EUR 0.07 per kWh) during the second half of 2018.
The price of energy in the EU depends on a number of different factors, the study reports. These include the geopolitical situation, the national energy mix, import diversification, network costs, environmental protection costs, severe weather conditions, or levels of excise and taxation.