Malta has biggest decrease in household electricity bills in EU

The most noticeable decrease in household electricity prices in national currency between the second half of 2013 and the second half of 2014 was registered in Malta with a whopping 26.2%, according to Eurostat.

Figures show that Malta was followed by but well ahead of the Czech Republic (-10.2%), Hungary (-9.9%), the Netherlands (-9.6%), Slovakia (-9.2%) and Belgium (-7.8%).

According to statistics, the highest increase in household electricity prices in national currency between the second half of 2013 and the second half of 2014 was registered by far in France (+10.2%), followed by Luxembourg (+5.6%), Ireland (+5.4%), Greece (+5.2%), Portugal (+4.7%), the United Kingdom (+4.6%) and Spain (+4.1%).

Eurostat figures also show that the share of taxes and levies in total household electricity prices varied significantly between Member States, ranging from more than 50% in Denmark (57% of household electricity price is made up of taxes and levies) and Germany (52%) to 5% in both Malta and the United Kingdom in the second half of 2014. On average in the EU, taxes and levies accounted for almost a third (32%) of household electricity prices.