The price of electricity in our country is one of the lowest in the EU, further Eurostat data show
Photo: Bloomberg LP
The price of natural gas in Bulgaria recorded one of the sharpest drops in the EU in the second half of 2023, according to Eurostat data. Compared to the second half of 2022, the price in our country is 40% lower, and only Greece (-42%) and Denmark (-41%) are ahead of Bulgaria. At the opposite pole, however, is Lithuania, where natural gas has risen in price by 68%, as well as Poland (32%) and Slovakia and Germany (by 22% each).
The data also show that the lowest price of natural gas is in Hungary – 3.30 euros per 100 kilowatt hours, followed by Croatia (4.60 euros) and Romania (5.60 euros). The most expensive gas is in Sweden (20.70 euros for 100 kilowatt hours), Ireland (16.40 euros) and the Netherlands (14.80 euros).
The price of gas in Bulgaria is around 6 euros per 100 kilowatt hours, as can be seen from the statistics.
The average price of natural gas for households in the EU in the first half of 2023 was 11.25 euros per 100 kilowatt hours, compared to 11.37 euros in the second half of 2022.
The price of electricity in the EU stabilizes after the crises in 2022.
The price of electricity in the EU in the second half of 2023 stabilized after the sharp price increase in 2022, according to Eurostat data. The average price in the EU reached 0.2847 euros per kilowatt hour, compared to 0.294 euros per kilowatt hour in the first quarter of last year.
The data show that the price is decreasing in 13 EU countries and increasing in the remaining 13. Romania is not part of the statistics because it has a different methodology for calculating the price of electricity, Eurostat specifies.
The data for Bulgaria show that electricity in our country is one of the cheapest in the EU – 0.1192 euros per kilowatt hour. Compared to the first quarter, there is a slight increase.
The lowest price of electricity is in Hungary (0.1132 euros per kilowatt hour), although the VAT on electricity is the highest in the country and reaches 21.3%. At the opposite pole is Malta, where the amount of VAT is 4.8% and thanks to this the price is the third lowest in the EU or 0.1279 euros per kilowatt hour.
The electricity price is highest in Germany (€0.402 per kilowatt hour), followed by Ireland (€0.3794 per kilowatt hour), Belgium (€0.3778 per kilowatt hour) and Denmark (€0.3554 per kilowatt hour).
The price of electricity decreased most significantly in Denmark (by almost 40%), as well as in Spain (by 30%) and Belgium (by 16%). In Denmark, the share of taxes and fees in the price of electricity reaches 48% and this is the highest level in the community. On average in the EU, the share of taxes and various fees in the price was almost 22% in the second half of last year. One of the most significant taxes is VAT, which averages 13.7%.
The most significant increase in the price of electricity in the last months of 2023 was in the Netherlands – by over 86%. However, the reason is the elimination of measures to protect consumers from the effects of the energy crisis. By 81%, the price of electricity is also rising in the Czech Republic, and in Poland the growth is almost 27%.
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