Cost of electricity sky-rocketed in Belgium since market liberalization in 2007: up by over 60%
Share article:
Share article:

Cost of electricity sky-rocketed in Belgium since market liberalization in 2007: up by over 60%

© Belga
© Belga

Between 2007 — the year of complete liberalization of the energy market — and 2018, the average cost of electricity for a Belgian household (consuming 3,500 kWh per year) increased by 61.59% to 258.63 euros/MWh. This was revealed on Friday by the CREG (Commission for the regulation of energy and gas) in its yearly update on its cost study on electricity and natural gas. Compared to 2017, the increase was by 3.3%. 

It was in Flanders that the average cost of electricity increased the most since 2007: it more than doubled (+104%), from 142.45 to last year’s 290.76 euro/MWh. This meant 519.10 euros more per household. 

In Wallonia, it rose by 53% since 2007 (320.50 euros), and by 7% in a year, (262.92 euros/MWh). 

In Brussels — that had the lowest average price per MWh of the three regions — the price of electricity increased by over 33% since 2007 (195.42 euros) and by 11.2% in a year, the highest annual increase in the three regions, to 222.20 euros/MWh.

However, the price decreased by 4,8% in the north. 

This considerable increase is certainly due in part to higher energy prices. But it is especially because of the rise in renewable energy and cogeneration, distribution rates, government levies, other taxes and VAT.

The Brussels Times

Latest news

European Council: Decisions on Covid-19 and energy and debate on other issues
At the two-days summit which ended on Friday, the European Council adopted conclusions on COVID-19, digital, energy prices, migration, trade and ...
Flanders ‘water bomb’ could cause €2 billion in damages and affect thousands
The next "water bomb" or heavy rainfall over Flanders could cause damages estimated at around €2 billion, and could affect up to 100,000 people in ...
Pfizer Covid-19 vaccine 90% effective in 5 to 11-year-olds
The Pfizer-BioNTech vaccine is 90.7% effective in preventing symptomatic forms of the coronavirus in children aged five to 11, Pfizer announced on ...
Belgian airport named best for cargo in Europe
Brussels Airport has been named the best airport in Europe in a 2021 roundup of the best cargo airports across the world. The Asian Freight, ...
NASA plans first return mission to Moon in February 2022
The United States space agency, NASA, has announced that it will be aiming to launch its first, uncrewed mission to the moon, Artemis 1, in February ...
New, reportedly more contagious Delta mutation being monitored
A new mutation of the Delta variant of the coronavirus, which is reported to be more contagious, is being monitored by health authorities in the ...
Angèle releases new single: ‘Bruxelles je t’aime’
Belgian singer Angèle has unveiled her latest song ahead of the release of her new album, due later this year. 'Bruxelles je t'aime' (Brussels I ...
23 million chickens and 1.7 million pigs: Climate experts call for livestock cut
Flander's livestock needs to be drastically cut to save the climate and reach the emission reduction targets, according to the latest advice from the ...
Vaccination uptake surges in Wallonia following CST announcement
The number of people getting vaccinated against the coronavirus increased fourfold in Wallonia after it was announced that the Covid Safe Ticket ...
Guilty by association
BRUSSELS BEHIND THE SCENES Weekly analysis and untold stories With SAM MORGAN Other Brussels behind the scenes stories: Brussels' bid to make ...
Health minister supports use of Covid Safe Ticket in workplace
As the use of the Covid Safe Ticket (CST) has been expanded in Brussels and is set to in Wallonia, federal health minister Frank Vandenbroucke has ...
Maggots show Conings may have lived longer following disappearance
Former army soldier Jürgen Conings, whose disappearance in mid-May resulted in a month-long manhunt, may have been alive for longer than has been ...