Brussels: Europe and the Arabs
Electricity and gas bills fell in the second half of 2023, after an increase that began before Russia's aggressive war on Ukraine, which rose significantly until 2022.
In the second half of 2023, average household electricity prices in the EU fell (€28.5 per 100 kWh) compared to the first half (€29.4 per 100 kWh), and rose slightly compared to the second half in 2022 (€28.4 per 100 kilowatt hours)... The cost of energy, supplies and networks, which stabilized in the first half of 2023, shows a decline in the second half, and remains at high levels, compared to the cost before the price peak in 2022.
Average gas prices for households in the second half of 2023 (€11.3 per 100 kWh) decreased compared to the first half of 2023 (€11.9 per 100 kWh) and the second half of 2022 (€11.4 per 100 kWh). The decline in energy, supply and network costs, which had already begun in the first half of 2023, continued its downward trajectory. For non-home consumers, this decline is even more pronounced, indicating better conditions for the industry.
This information comes from data on electricity and gas prices recently published by Eurostat.
Electricity prices
The data shows that household electricity prices decreased in 13 European Union countries and rose in the rest of the countries in the second half of 2023 compared to the second half of 2022. For non-home consumers, prices decreased during the second half of 2023 in 17 countries. It led to a decline of -4.6% in the European Union. The price decline was caused by market dynamics, but was partially offset by reducing or eliminating consumer mitigation measures at the national level.
Average household electricity prices in the second half of 2023 were lowest in Hungary (€11.3 per 100 kWh), Bulgaria (€11.9) and Malta (€12.8) and highest in Germany (€40.2), Ireland (€37.9) and Belgium (€37.8). )
Gas prices: Lithuania the largest increase, Greece the largest decrease
Gas prices for household consumers fell in the second half of 2023, mostly due to lower energy costs and to a lesser extent due to taxes, which are gradually returning to pre-crisis levels after cuts in 2022. For non-household consumers, the reductions in prices were Gas is more visible in the second half of 2023.
Between the second half of 2022 and the second half of 2023, gas prices (in national currencies) rose the most in Lithuania (+68%) and fell the most in Denmark (-39%). For home consumers, overall, 12 states reported increases, while the other 12 states that use gas reported price declines. In the industrial sector, all but three countries reported declines, indicating a clear downward trend in gas price levels.
, average household gas prices in the first half of 2023 were lowest in Hungary (€3.3 per 100 kWh), Croatia (€4.6), Romania (€5.6) and highest in Sweden (€20.7), Ireland (€16.4) and Europe. Netherlands (24.8 euros).