Londoners paid highest electricity prices in Europe in February

Londoners paid highest electricity prices in Europe in February

Photo: diego_torres from Pixabay


March 7, 2022






March 7, 2022





Households in London and Copenhagen pay by far the highest end-user prices in Europe, while Brussels, Berlin, and Rome are next on the list. Power prices are the lowest for the inhabitants of Kyiv, followed by Belgrade, Budapest, and Podgorica, according to an analysis of electricity prices in 33 European capital cities as of February 1.

Household electricity prices in the capital cities of Central and Eastern European countries (CEE) tend to be lower than the European average in nominal terms, with Prague being the only one above it, according to the Household Energy Price Index for Europe, compiled by Energie-Control Austria, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) and VaasaETT.

The highest price is in London, 43 eurocents per kilowatt-hour, and the lowest in Kyiv, 5.4 eurocents. Among the capitals of the countries tracked by Balkan Green Energy News, households in Athens pay the highest prices – 27 eurocents, followed by Nicosia with 26 eurocents, and electricity is the cheapest in Belgrade – 8 eurocents, and Podgorica, 10 eurocents.

households electricity prices 33 capitals europe

The picture changes dramatically when adjusted to purchasing power standards (PPS) in each country. Power prices expressed in PPS are shown concerning the cost of other goods and services.

The lowest adjusted household electricity prices are found in Oslo (11 eurocents), Bern (13), Valletta (14), and Belgrade (15). They are the highest in Prague (45), Brussels (39), Rome (38), and Berlin (36), the report reads.

Among the capitals of the countries tracked by Balkan Green Energy News, there is no change compared to prices in nominal terms: Athens is at the top, and Belgrade is at the bottom of the list.

households electricity prices 33 capitals pps

In February, prices increased in Nicosia, Oslo, Paris, Prague, and Rome and decreased in 11 metropolises.

The decreases can be explained by the measures introduced by the governments to mitigate the effects of the energy crisis, a reflection of January wholesale price decreases, or the return to more “normal” price levels after extreme December increases, the report reads.

However, the prices remained significantly high compared to one year before.

According to the report, despite the recorded drop, government interventions failed to stop the increasing trend in some of the cities, so new records were hit again in Athens, Bern, Nicosia, Paris, Prague, and Rome.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles


Hidroelectrica, Masdar mull joint investment in floating solar power of 1.5 GW

26 September 2023 - CEO Bogdan Badea said Hidroelectrica is considering a joint investment in floating solar panels of 1.5 GW with its partner Masdar

inobat serbia gigafactory batteries

Rio Tinto–backed firm InoBat selects location for battery gigafactory in Serbia

26 September 2023 - One of the investors in InoBat is Rio Tinto, which has been developing a lithium mining and processing project in the country

Biggest solar power plant Western Balkans completed Novaci North Macedonia

Biggest solar power plant in Western Balkans completed in Novaci in North Macedonia

26 September 2023 - Mey Energy said it commission a 55 MW photovoltaic facility in Novaci in North Macedonia before the end of the month

matija medojevic mepx CEO belen montenegro power exchange

Montenegrin Power Exchange on road to single European market

25 September 2023 - MEPX is working to fulfill the conditions for obtaining the NEMO status, CEO Matija Medojević told Balkan Green Energy News in an interview