Romania, among countries with the largest fall in electricity prices, Eurostat shows

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Between the second half of 2015 and the second half of 2016, the largest decreases in household electricity prices, in national currencies, were observed in the Netherlands (-13.8 percent) and Cyprus (-11.8 percent), followed by Lithuania (-5.8 percent), Romania (-5.6 percent) and Ireland (-4.7 percent), Eurostat, the statistical office of the European Union shows. In contrast, the most noticeable increase was registered in Belgium (+16.7 percent), well ahead of Sweden (+7.7 percent) and Portugal (+3.5 percent).

Expressed in euro, average household electricity prices in the second half of 2016 were lowest in Bulgaria (EUR 9.4 per 100 kWh), Hungary (EUR 11.3) and Lithuania (EUR 11.7), and highest in Denmark (EUR 30.8), Germany (EUR 29.8) and Belgium (v27.5).

When expressed in purchasing power standards (PPS), it can be seen that, relative to the cost of other goods and services, the lowest household electricity prices were found in Finland (12.8 PPS per 100 kWh), Luxembourg (14.4) and the Netherlands (14.7), and the highest in Portugal (30.2), Germany (28.7), Belgium (25.7), Spain (25.6) and Romania (25.4), Eurostat also reveals.

Between the second half of 2015 and the second half of 2016, household gas prices, expressed in national currencies, decreased in all Member States, except in Hungary (+1.5 percent), the Netherlands (+0.6 percent) and Sweden (+0.2 percent). The largest falls were observed in Croatia and Bulgaria (both -20.4 percent), ahead of Latvia (-16.3 percent), Portugal (-15.9 percent), Estonia (-14.6 percent), Belgium (-14.0 percent), Luxembourg (-13.3 percent) and Greece (-13.1 percent).

Expressed in euro, the average household gas prices in the second half of 2016 were lowest in Bulgaria (EUR 3.1 per 100 kWh), Romania (EUR 3.2), Estonia (EUR 3.3), Hungary (EUR 3.6) and Croatia (EUR 3.7) and highest in Sweden (EUR 11.4), followed by Spain (EUR 8.6), Italy (EUR 8.4), Portugal (EUR 8.3) and the Netherlands (EUR 8.1).

Eurostat notes that household electricity prices decreased in the European Union (EU) by 2.3 percent on average between the second half of 2015 and the second half of 2016. They now stand at EUR 20.5 per 100 kWh. In the same period, household gas prices went down by 10.5 percent on average to EUR 6.4 per 100 kWh.

Since 2008, both electricity and gas prices in the EU have risen by around a quarter (+23 percent and +26 percent respectively).

On average, taxes and levies accounted for more than a third (36 percent) of the electricity bills charged to households in the second half of 2016, and about a quarter (26 percent) of the gas prices.

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