Sharp household electricity and gas prices rises in Romania
Romania saw one of the biggest increases in household electricity and gas prices between 2012 and 2013, figures from Eurostat show.
Although its average household electricity price per 100kwh is technically one Europe’s lowest at EUR 12.8, Romania saw one of the steepest price increases between the second half of 2012 and the second half of last year, with a 16.8 percent rise. This is compared to a 4.4 percent increase between 2011 and 2012.
After Germany (21.7 percent) and Greece (19.7 percent), the 2012-2013 jump was the biggest hike in Europe.
Although it appears low, when expressed in purchasing power standards (PPS), it can be seen that, relative to the cost of other goods and services, Romania’s electricity prices are among the highest with a PPS of 25.9.
This is only behind Germany (28.1), Cyprus (28.2) and Portugal (26.2).
On the flipside, relatively low household electricity prices were found in Finland (12.8 PPS), Luxembourg ,(13.7), Latvia (14.0) and France (14.1).
Household gas prices in Romania also shot up in the period 9.9 percent, compared to 4.4 percent between 2011 and 2012. This was the biggest increase among member states. However, Romania’s price of EUR 3.1 per 100kwh was the union’s lowest.
Looking at PPS, Romania falls within the lower band, with a figure of 6.2 – not as low as Luxembourg (4.7) and the UK (5.7), but not as high as Bulgaria (11.6), Greece (10.6) and Lithuania (10).
More broadly, in the EU28, household electricity prices rose by 2.8 percent on average between the second half of 2012 and the second half of 2013, after an increase of 6.0 percent between the second half of 2011 and 2012
Household gas prices increased by 1.0 percent on average in the EU28 between the second half of 2012 and 2013, after a rise of 8.2 percent between the second half of 2011 and 2012.
Shaun Turton [email protected]