Romania posts largest electricity price increase for households in the EU during the last year

Romania has registered the largest price increase for electricity among the 28 European Union member states during the last year, according to Eurostat.

“Between the first half of 2017 and the first half of 2018, the largest decreases in household electricity prices, in national currencies, were observed in Poland (-4.3 percent) and Greece (-3.6 percent), followed by Latvia (-3.5 percent), Malta and Germany (both -3.2 percent). In contrast, the largest increase was registered in Romania (+14.1 percent), ahead of Estonia (+11.7 percent), the Netherlands and Croatia (both +9.2 percent),” Eurostat said.

Average household electricity prices by mid-2018 were lowest in Bulgaria (9.78 cent per kWh), Lithuania (10.97 cent per kWh), Hungary (11.23 cent per kWh), Malta (12.85 cent per kWh), Croatia (13.11 cent per kWh) and Romania (13.33 cent per kWh).

The highest prices were recorded in Denmark (31.3 cent per kWh), according to Eurostat.

A previous Eurostat report showed that the highest increase in household electricity prices in national currency between the second half of 2016 and the second half of 2017, across the EU member states, was registered in Cyprus (+12.6 percent), followed by Romania (+7.2 percent), Malta (+7.1 percent), Estonia (+6.5 percent).

Between the first half of 2017 and the first half of 2018, the largest decreases in household gas prices, in national currencies, were observed in Estonia (-4.3 percent, Portugal (-1.8 percent) and Luxembourg (-1.7 percent).

In contrast, the largest increase was registered in Bulgaria (+14.9 percent), ahead of Lithuania (+9.3 percent), and the Netherlands (+6.8 percent).

Expressed in euro, average household gas prices in the first half of 2018 were lowest in Romania (EUR 3.2 per 100 kWh), Hungary (EUR 3.6) and Croatia (EUR 3.7), and highest in Sweden (EUR 11.3), Denmark (EUR 9.0) and the Netherlands (EUR 8.2).