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Energy prices fall in the eurozone in the 2nd half of 2023
Electricity and natural gas prices fell in the second half of 2023 to 30 euros and 12.1 per 100 kilowatt hours (kWh), including taxes and duties, in the euro area, Eurostat announced today.
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Economia Energia
In the euro area, electricity prices had risen to 29 euros per 100kWh in the second half of 2022, due to the war launched by Russia against Ukraine, and further worsened (31.2 euros) in the first six months of 2023.
Natural gas also underwent a sharp increase in the second half of 2022 (to 11.3 euros per 100 kWh) and in the first of 2022 (13.2 euros), among the 20 euro countries.
In the European Union (EU), between July and December 2023, electricity prices for domestic consumption fell to 28.3 euros per 100 kWh, also including fees and taxes, remaining slightly below the counterpart (28.4 euros) and falling compared to the 29.3 euros per 100kWh recorded in the first half of 2023.
As for natural gas, according to the EU statistical service, on average in the 27 Member States, the price was set at 11.2 euros per 100 kWh, which compares to that of 11.3 counterpart and that of 11.8 euros in the first half of 2023.
Portugal was, in the second half of 2023, in 16th place in the electricity price table, with 22.9 euros 100 kWh, and had the third highest cost of natural gas: 13.7 euros.
Germany (40.2 euros per kWh) is the country where domestic consumers pay the most for electricity, followed by Ireland (37.9 euros) and Belgium (37.7 euros), while at the other end of the table are Hungary (11.3 euros), Bulgaria (11.9 euros) and Malta (12.7 euros per 100 kWh).
With regard to natural gas prices, the highest were recorded, in the second half of 2023, in Sweden (20.7 euros per 100 kWh), Ireland (16.3 euros) and the Netherlands (15 euros).
The lowest, on the other hand, were observed in Hungary (3.3 euros per 100 kWh), Croatia (4.7 euros) and Romania (5.5 euros per 100 kWh of natural gas).
Read Also: Social energy tariff? "Discount should start to be paid by the State" (Portuguese version)
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