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Electricity bills in Cyprus increased by 36% in the second half of 2021 – Third largest increase in the EU

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<p>Electricity prices for households in the European Union increased sharply in the second half of 2021 compared to the same period in 2020, from 21.3 euros per 100 kilowatt hours (kWh) to 23.7 euros per 100 kWh, according to data published by Eurostat, the EU statistical office. Cyprus is the country with the third largest increase in electricity bills, as prices increased by 36% in the second half of 2021 compared to last year. </p>
<p class = The average gas price for households in the EU also increased compared to the same period in 2020, from 7 euros per 100 kWh to 7.8 euros per 100 kWh.

In particular, 36% of household electricity bills and 30% of gas bills are due to taxes and charges. However, these rates have not changed significantly from last year.

At Member State level, electricity prices have risen in all but two Member States in the second half of 2021 to relative to the same period in 2020.

The largest increases were recorded in Estonia (50% increase), Sweden (49% increase) and Cyprus (36% increase). The only countries where prices fell were Slovakia (down 6%) and Hungary (down 0.1%).

The lowest household electricity prices in in the second half of 2021 were recorded in Hungary (10 euros per 100 kWh), Bulgaria (10.9 euros per 100 kWh) and Croatia (13.1 euros per 100 kWh).

The highest electricity prices were recorded in Denmark (34.5 euros per 100 kWh), Germany (32.3 euros per 100 kWh), Belgium (29.9 euros per 100 kWh) and Ireland (29 , 7 euros per 100 kWh).

In terms of gas prices, prices have risen in 20 of the 24 countries for which data are available (in Cyprus there is no natural gas supply for consumers).

The largest increases in gas prices for households were recorded in Bulgaria (increase 103%), Greece (increase 96%) and Estonia (increase 83%). The only countries with a decrease were Slovakia (12% decrease), the Czech Republic (5% decrease) and Portugal (1% decrease).

The lowest natural gas prices gas for households in euros in the second half of 2021 were recorded in Hungary (3.1 euros per 100 kWh), Croatia (4 euros per 100 kWh) and Lithuania (4.1 euros per 100 kWh).

The highest gas prices were recorded in Sweden (€ 18.6 per 100 kWh), Denmark (€ 12.5 per 100 kWh), the Netherlands (€ 11 per 100 kWh) and Spain (10.8 euros per 100 kWh).

Source: KYPE

Source: politis.com.cy

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