Eurostat published information for the second half of last year in Europe, and the result was disastrous for the Czech Republic. Electricity bills in the Czech Republic were an incredible 83 percent higher in local currency! The fact is that there are significant differences between countries. Last year, Eurostat drew attention to high prices in the Czech Republic. However, his calculations were dismissed last September by the Czech Statistical Office (ČSÚ), stating that energy prices in the Czech Republic are not the most expensive in the EU, but average.
At that time there was a problem with the calculation methodology. This is because Eurostat counted list prices in the statistics and did not deal with the prices at which people actually purchased energy. But this time it is no longer a “mistake” but a plain fact. The difference is that Eurostat published the results with purchasing power in mind. “They take into account the price of energy in relation to the price level. Basically, depending on how much energy we can buy,” said Lukáš Kovanda, chief economist of Trinity Bank.
The average price in the EU fell
In the second half of last year, electricity prices for households fell year-on-year in thirteen EU countries, and increased in the remaining fourteen. For non-household customers, electricity prices fell in seventeen EU countries, resulting in a 4.6 percent drop in electricity prices for the entire EU.
Only the Dutch are worse
When prices in local currency are taken into account, the largest price increase was recorded in the Netherlands. There, the price of electricity rose by 86 percent. Next is the Czech Republic, with an increase of 83 percent, then Poland, where the growth is 35 percent, and Germany, with a price increase of 20 percent. On the contrary, electricity became cheaper in Denmark, by 39 percent. In Spain, the drop in electricity prices is 30 percent and in Sweden 20 percent.
Tags: Energy prices Eurostat cheaper Europe Czechs paying price
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