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ECONOMY: Cyprus household electricity prices among the highest in EU

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Cyprus has the 7th most expensive electricity market in the EU charging 0.2203 euro per kWh (0.172 excluding taxes and levies) and registered the third largest hike in prices over a year-long period.

Greece ranked as the 12th least expensive electricity market with 0.1650 euro per kWh (0.1139 excluding taxes and levies).

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 2019. For gas bills, the corresponding share was 27 %.

Between the first half of 2018 and the first half of 2019, the largest decreases in household electricity prices, were observed in Denmark (-4.3%) and Portugal (-4.1%), followed by Poland (-3.1%) and Greece (-1.3%).

By contrast, the largest increase was registered in the Netherlands (+20.3 %), ahead of Cyprus (+16.4%), Lithuania (+14.4%) and Czechia (+12.0%).

Average household electricity prices in the first half of 2019 were lowest in Bulgaria (€9.9 per 100 kWh), Hungary (€11.2) and Lithuania (€12.5) and highest in Germany (€30.9), Denmark (€29.8) and Belgium (€28.4).

Between the first half of 2018 and the first half of 2019, the largest decreases in household gas prices, in national currencies, were observed in Denmark (-1.7%), Hungary (-1.6 %) and Austria (-1.3 %).

By contrast, the largest increase was registered in Bulgaria (+18.3%), ahead of Latvia (+15.8%), and Estonia (+14.2 %).

Average household gas prices in the first half of 2019 were lowest in Hungary and Romania (both €3.5 per 100 kWh) and Croatia (€3.8) and highest in Sweden (€11.8), the Netherlands (€9.2) and Denmark (€8.6).

In the first half of 2019, average household electricity prices in the EU increased slightly compared with the first half of 2018 (€20 per 100 kWh), standing at €21 per 100 kWh, according to Eurostat.

Average gas prices in the EU were stable and stood at €6 per 100 kWh in the first six months of 2019.