Hungary retains cheapest electricity in EU

Power

Retail gas prices fell slightly, while electricity prices in European Union (EU) member states rose slightly in the first half of this year compared to a year earlier, while Hungary had the cheapest electricity, according to data from EU statistical agency Eurostat.

EU residents paid EUR 21.9 per 100 kilowatt hours for electricity between January-June, EUR 0.60 more than a year earlier.

Natural gas cost EUR 6.4 per 100 kilowatt hours on average in the EU, EUR 0.10 less than in the first half of 2020. Expressed in euros, the average electricity price in Hungary was the lowest in the first half of this year, at EUR 10 per 100 kilowatt hours.

Natural gas was the cheapest in Lithuania, costing EUR 2.8 per 100 kilowatt hours,

Latvia was second with EUR 3 and Hungary third with EUR 3.1.

ADVERTISEMENT

Business Chamber Confidence Index Falls in January Analysis

Business Chamber Confidence Index Falls in January

Lawmakers Could Ratify Sweden's NATO Accession on Feb 26 Int’l Relations

Lawmakers Could Ratify Sweden's NATO Accession on Feb 26

2023 Saw Slump in Housing Construction, Permits Construction

2023 Saw Slump in Housing Construction, Permits

Number of Chinese Tourists in Hungary Quadruples From Pre-CO... Tourism

Number of Chinese Tourists in Hungary Quadruples From Pre-CO...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.