Recent Eurostat statistics have revealed that out of the European countries, Malta enjoys the lowest tax rates on electricity, with a rate of only 6%.
The share of taxes and levies in total household electricity prices varied significantly, with the countries with the highest tax rates being Denmark (64%) and Portugal (55%). On average in the EU, taxes and levies accounted for more than a third (37%) of household electricity prices in the second half of 2018.
Fourth cheapest electricity in Europe
Expressed in purchasing power standards (PPS), a common reference eliminating general price level differences between countries, it can be seen that the lowest household electricity prices were found in Finland (13.7 PPS per 100 kWh) and Luxembourg (13.8), followed by the Netherlands (15.2) and Malta (15.7). The highest prices expressed in PPS were registered in Portugal (28.2), Germany (28.0), Spain (27.4) and Belgium (26.6).
On average, household electricity prices in the European Union increased to €21.1 per 100 kWh (+3.5%), between the second half of 2017 and the second half of 2018.
Across the EU Member States, the highest increase in household electricity prices in national currency between the second half of 2017 and the second half of 2018 was registered in Cyprus (+19.6%). The prince increase for electricity in Malta was registered at 6%.
Expressed in euro, average household electricity prices in the second half of 2018 were lowest in Bulgaria (€10.1 per 100 kWh), and highest in Denmark (€31.2).