Electricity prices across the European Union increased sharply in the second half of 2021, compared to the same period in 2020; Estonia leads the way with the largest electricity price increase and one of the largest gas price increases in the entire EU.
According to Eurostat, the official EU statistical agency, in the second half of 2021, average electricity prices for households in the European Union increased sharply compared to the same period of 2020 (€21.3 for 100 kWh), amounting to €23.7 for 100 kWh.
The biggest increase was recorded in Estonia (+50%), ahead of Sweden (+49%) and Cyprus (+36%), according to Eurostat.
The only decreases were observed in Slovakia (-6%) and Hungary (-0.1%).
Average electricity prices for households in the second half of 2021 were lowest in Hungary (€10.0 per 100 kWh), Bulgaria (€10.9) and Croatia (€13.1) and highest high in Denmark (€34.5), Germany (€32.3) and Belgium (€29.9) and Ireland (€29.7), according to the statistics agency.
Gas prices increase by 83% in Estonia
Average gas prices in the EU also increased compared to the same period of 2020 (€7.0 per 100 kWh) to reach €7.8 per 100 kWh in the second half of 2021.
Between the second half of 2020 and the second half of 2021, gas prices increased in 20 of the 24 EU Member States that report natural gas prices in the household sector. The highest increases in gas prices for households were observed in Bulgaria (+103%), followed by Greece (+96%) and Estonia (+83%), notes Eurostat.
On the other hand, the only price decreases were recorded in Slovakia (-12%), the Czech Republic (-5%) and Portugal (-1%).
Expressed in euros, average gas prices for households in the second half of 2021 were lowest in Hungary (€3.1 per 100 kWh), Croatia (€4.0) and Lithuania (€4.1) and the highest in Sweden (€18.6), Denmark (€12.5). ), the Netherlands (€11.0) and Spain (€10.8).
Taxes and levies accounted for 36% of electricity bills billed to households in the EU in the second half of 2021. For gas bills, the corresponding share was 30%. There were no significant changes in this price component from a year ago, the statistics agency said.