Czechs have the most expensive electricity in the EU, a new comparison shows

Czechs have the most expensive electricity in the EU, a new comparison shows
Czechs have the most expensive electricity in the EU, a new comparison shows
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The price of electricity for households in the Czech Republic was the highest in the European Union in the second half of last year, if we take into account the different purchasing power in individual states. This follows from the Eurostat comparison published today according to the total price including taxes and fees.

Converted to an artificial PPS unit (purchasing power standard), electricity was on average the most expensive in the Czech Republic, Cyprus, Germany and Italy. On the contrary, households in Malta paid the least for it.

The price of electricity in PPS per 100 kWh

Czechia 38.68
Cyprus 37.87
Germany 35.93
Italy 34.88
Latvia 34.65
Romania 34,35
Belgium 33.76
Poland 33.49
Ireland 31.91
Lithuania 29.55
Greece 28.15
EU average 28.14
Portugal 27,27
Denmark 26.73
Estonia 26.07
Spain 25.17
Slovenia 24.9
Slovakia 24.5
Austria 24.48
France 23.86
Croatia 21.97
Netherlands 21.49
Bulgaria 19.77
Finland 19.38
Sweden 18.81
Albania 17.92
Serbia 17.91
Hungary 17.13
Norway 15.86
Luxembourg 15.43
Malta 14.34
Iceland 10.66
Source: Eurostat, data for the second half of 2023

The nominal price of electricity in euros, i.e. without taking into account different purchasing power, was the highest in Germany, Ireland and Belgium last July to December. Czech consumers had the seventh most expensive electricity in the EU. Among the member states, people in Hungary paid the least.

The price of electricity in euros per 100 kWh

Germany 40.2
Ireland 37.94
Belgium 37.78
Lichtenstein 35.87
Denmark 35.54
Cyprus 34.52
Italy 33.47
Czechia 31.51
EU average 28,32
Latvia 27.74
Austria 27,48
France 25.91
Netherlands 25.15
Finland 24.3
Spain 23.47
Estonia 23.39
Greece 23.09
Portugal 22.99
Lithuania 22,23
Sweden 21.81
Poland 21.62
Slovenia 21.13
Luxembourg 20.15
Slovakia 19.43
Romania 19.1
Norway 18.66
Iceland 16,14
Croatia 14.8
Moldova 14.69
Malta 12.79
Bulgaria 11.92
Hungary 11.32
Serbia 10.46
Source: Eurostat, data for the second half of 2023

In the second half of last year, natural gas was the most expensive in Lithuania, Sweden, Portugal, Italy and the Czech Republic after conversion according to purchasing power (PPS standard). On the contrary, the cheapest was in Hungary.

Gas price in PPS for 100 kWh

Lithuania 19.32
Sweden 17.85
Portugal 16.30
Italy 14.04
Czechia 13.81
Ireland 13.78
Austria 13,16
Slovenia 13.04
Netherlands 12.81
Bulgaria 11.66
Poland 11.31
Greece 11.29
Latvia 11.25
EU average 11.24
France 10.87
Spain 10.83
Germany 10.23
Romania 10.04
Denmark 9.18
Belgium 8.88
Estonia 8.81
Serbia 8.37
Slovakia 7.7
Croatia 6.79
Luxembourg 6.51
Hungary 5.07
Source: Eurostat, data for the second half of 2023

The nominal price of gas in euros, i.e. without taking into account different purchasing power, was the highest in Sweden, Ireland and the Netherlands in the second half of last year. The Czech Republic is exactly on the EU average. Households in Hungary paid the least for gas.

Gas price in euros per 100 kWh

Sweden 20.7
Lichtenstein 20.53
Ireland 16.38
Netherlands 15
Austria 14.77
Lithuania 14.54
Portugal 13.74
Italy 13.47
Denmark 12.2
France 11.81
Germany 11.45
EU average 11.25
Czechia 11.25
Slovenia 11.07
Spain 10.1
Belgium 9.94
Greece 9.26
Latvia 9.01
Moldova 8.94
Luxembourg 8.5
Estonia 7.91
Poland 7.3
Bulgaria 7.03
Slovakia 6.11
Romania 5.58
Serbia 4.89
Croatia 4.57
Hungary 3.35
Source: Eurostat, data for the second half of 2023

Petr Kučera

Editor-in-Chief of the Peníze.cz website. It focuses on a wide range of personal finance and consumer topics. He graduated from the Faculty of Law of Charles University in Prague, but he likes the media even more than paragraphs. He led the coverage of the Czech… More articles by the author.

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