According to the results, Romania has the seventh lowest electricity price in Europe, costing €178.20 per MWh, which is 27% lower than the European average of €245.78 per MWh.
Hungary is the country that pays the least for electricity, costing €110.90 per MWh, 55% less than the European average of €245.78 per MWh.
Bulgaria has the second lowest electricity prices, paying €119.40 per MWh, 51% lower than the European average.
Norway ranks third, with an electricity cost 51% lower than the European average, or €121.10 per MWh.
The 10 European countries with the lowest electricity prices
Rang
Pays
Electricity price (in euros per MWh, taxes included)
1.
Hungary
110,90 €
2.
Bulgaria
119,40 €
3.
Norway
121,10 €
4.
Iceland
131,50 €
5.
Painted
147,10 €
6.
Croatia
154,30 €
7.
Romania
178,20 €
8.
Suede
187,00 €
9.
Luxembourg
190,90 €
10.
Slovakia
196,70 €
At the other end of the scale, Germany has the highest electricity prices in Europe, at €416.20 per MWh, 69% higher than the European average.
Belgium is the second European country with the highest electricity prices, at €377.20 per MWh, or 53% more than the European average.
Ireland ranks third, with an electricity cost of €374.60 per MWh, 52% higher than the European average.
The 10 European countries with the highest electricity prices
Rang
Pays
Electricity price (in euros per MWh, taxes included)
1.
Germany
416,20 €
2.
Belgium
377,20 €
3.
Ireland
374,60 €
4.
Italy
361,90 €
5.
Liechtenstein
355,70 €
6.
Chypre
351,90 €
7.
Denmark
307,60 €
8.
Zone euro
305,40 €
9.
Latvia
304,00 €
10.
Czechia
303,90 €
Olle Pettersson, CEO of Finansvalp, comments on these results: “It is interesting to see which countries face the highest and lowest electricity prices in Europe. Hungary and Bulgaria both have a history of relatively low electricity prices, as their governments have implemented price control policies that help keep costs more affordable. However, these lower costs are also influenced by these countries’ reliance on coal and nuclear power, which are cheaper than renewable energy sources. In comparison, Germany and Belgium rely heavily on natural gas for electricity generation. The reduction of their nuclear and coal capacities, combined with the broader European energy crisis, has meant that residents of these countries face particularly high costs. »
Romania Journal.ro
