Romania reported in the second part of last year a price for household electricity of 19.1 euros per 100 kWh, among the last five lowest in the EU.
On the other hand, if the price of electricity is calculated in purchasing power standards (PPS), Romania ranks 6th in the EU with the most expensive electricity for household consumption, after the Czech Republic, Cyprus, Germany, Italy and Latvia.
Average electricity prices for household consumers in the EU decreased (€28.5 per 100 kWh) compared to the first half of 2023, still remaining at high levels compared to the cost recorded before the 2022 price peak.
Purchasing power puts Romanians at a disadvantage
Calculated in euros, the price of electricity for domestic consumption in Romania was down 56% in the second half of last year, compared to the second half of 2022, when it was 34.11 euros per 100 kWh, but increasing compared to the first semester of 2023, when it was 18.92 euros per 100 kWh, according to Eurostat data, analyzed by Risco.ro.
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In the second semester of 2023, Romania had an average price of 5.58 euros per 100 kWh for household gas, the third lowest in the EU, down 44% compared to the price recorded in the second semester of 2022, from 12.65 euros per 100 kWh and slightly higher than the price in the first part of the year: 5.48 euros per 100 kWh.
Calculated in PPS, the situation changes a little and Romania, with 10.04 PPS per 100 kWh, has gas for domestic use more expensive than countries such as Denmark, Belgium, Estonia, Slovakia, Croatia, Luxembourg and Hungary.
Electricity and gas in the EU
Calculated in national currency, the highest annual electricity price increase (+86%) was reported in the second half of 2023 in the Netherlands, followed by the Czech Republic (+83%), Poland (+35%) and Germany (+ 20%).
On the other hand, price decreases were recorded in Denmark (-39%), Spain (-30%) and Sweden (-20%).
Expressed in euros, average household electricity prices in the second half of 2023 were the lowest in Hungary (11.3 euros per 100 kWh), Bulgaria (11.9 euros) and Malta (12.8 euros ) and the highest in Germany (40.2 euros), Ireland (37.9 euros) and Belgium (37.8 euros).
Average gas prices for households in the second half of 2023 decreased (11.3 euros per 100 kWh) compared to the first half of 2023 (11.9 euros per 100 kWh) and the second half of 2022 (11 .4 euros per 100 kWh).
In national currency, Poland (+32%), Slovakia and Germany (both +22%) had the highest increases in prices for household consumption, while Greece (-42%), Denmark (-41%) and Bulgaria (-40%) had the biggest declines.
Expressed in euros, average household gas prices in the second half of 2023 were lowest in Hungary (3.3 euros per 100 kWh), Croatia (4.6 euros) and Romania (5.6 euros) , and the highest in Sweden (20.7 euros), Ireland (16.4 euros) and the Netherlands (24.8 euros).
Article made in collaboration with Risco.ro
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Tags: Romania sixth expensive electricity household consumption calculated purchasing power standards
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