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March 20, 2023

Domestic energy price adjusted to purchasing power – above EU average

The price of electricity for the population was up 4.4 per cent in the second half of 2012, to EUR 10.8/100 kWh, and the tariff resulting from the purchasing power adjustment is double and exceeds the EU average, according to Eurostat data. The price of gas in Romania was also up by 4.4 per cent to EUR 2.7/100 kWh, a tariff which becomes double compared to the local purchasing power, yet still below EU average.

The price of electricity paid by the population was up 6.6 per cent in the EU in H2 in 2012 compared to H2 2011. The price of gas was up 10.3 per cent in the same period. The average price of electricity paid by individual consumers in the EU went up to EUR 19.7/100 kWh, and the average price of gas was EUR 7.2 /100 kWh. The steepest electricity price rise was reported in Cyprus (21%), Greece (15%), Italy (11%), Ireland and Portugal (10% each), Bulgaria, Spain and Poland (9%). Only three countries that reported decreases – Sweden (5%), Hungary (2%) and Finland (1%) – and prices stagnated in Denmark and Malta. The lowest gas price for the population was in Romania (EUR 2.7/100 kWh), Slovakia (EUR 5.1) and Estonia (EUR 5.2), and the highest in Sweden (EUR 12.7), Denmark (EUR10.8) and Greece (EUR 10.2).

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