Romania’s average household electricity price increased by 14% y/y in January-June this year, which was the steepest advance among the European Union’s 28 countries according to the European Statistical Office (Eurostat). On average, the household electricity price in the EU28 remained constant in January-June compared to last year.
However, in absolute terms Romanian households pay among the lowest electricity prices in Europe: €13.3 per 100 kWh, compared to €20.5 on average in the EU28.
Expressed in euro, average household electricity prices in the first half of 2018 were lowest in Bulgaria (€9.8 per 100 kWh), Lithuania (€11.0) and Hungary (€11.2) and highest in Denmark (€31.3), Germany (€29.5) and Belgium (€27.3).
Lower electricity prices in Romania are partly explained by milder taxation. Taxes and levies accounted for more than a third (37%) of the electricity bills charged to households in the EU in the first half of 2018. In the case of Romania, the share was only 27%. In Denmark, where the final electricity price is among the highest in Europe, second only to Germany, the prices without taxes and levies was less than one third of the total price (€30 per 100 kWh). In Germany, the price without taxes and levies was less than half of the total price (€30.5 per 100 kWh).