Estonia registers steepest rise in natural gas prices in EU ({{commentsTotal}})

Pipes at the Inčukalns Underground Gas Storage Facility in Latvia.
Pipes at the Inčukalns Underground Gas Storage Facility in Latvia. Source: (Ints Kalniņš/Reuters/Scanpix)

Estonia saw the biggest on-year increase in the EU in the price of natural gas for households in the first half of 2017, fgures available from Eurostat show.

The price of natural gas for households in Estonia grew 21.1 percent to €4.20 per 100 kilowatt-hours.

 

The price of electricity in Estonia, meanwhile, increased 0.1 percent to €12.10 per 100 kilowatt-hours.

The average price of household electricity in the EU decreased by an average of 0.5 percent on year to €20.40 per 100 kilowatt-hours. Across EU member states, household electricity prices in the first half of 2017 ranged from €9.60 per 100 kilowatt-hours in Bulgaria to €30.50 per 100 kilowatt-hours in Denmark and Germany.

 

Expressed in the purchasing power standard (PPS), an artificial common reference currency that eliminates general price level differences between countries, 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 kilowatt-hours), Luxembourg (13.5 PPS) and the Netherlands (14.2 PPS), while the highest were recorded in Germany (28.7 PPS), Portugal (28.6) and Poland (25.9).

Household gas prices, meanwhile, fell by an average of 6.3 percent on year in the EU to €5.80 per 100 kilowatt hours, with prices among member states ranging from less than €3.50 per 100 kilowatt-hours in Romania and Bulgaria to slightly above €8 per 100 kilowatt-hours in Denmark and €12 per 100-kilowatt hours in Sweden.

Adjusted for purchasing power, it can be seen that, relative to the cost of other goods and services, the lowest household gas price was recorded in Luxembourg (3.5 PPS per 100 kilowatt-hours), ahead of the U.K. (4.3 PPS) and Belgium (4.7 PPS), while the highest prices were observed in Portugal (9.7 PPS), Sweden (9.5 PPS) and the Czech Republic (8.4 PPS).

In Latvia and Lithuania, the price of electricity declined 2.6 percent to €15.90 and 9.3 percent to €11.20, respectively, while the price of gas dropped 10.8 percent to €3.80 in Latvia and 11.6 percent to €3.70 in Lithuania.

Editor: Aili Vahtla

Source: BNS



Siim Kallas.

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Following the local elections in October this year, Reform Party founder, former prime minister, EU commissioner, and presidential candidate Siim Kallas took on the job of municipal mayor of Viimsi, a community on the outskirts of Tallinn. In his interview with ERR's Toomas Sildam, Kallas talks about local government, his party, the EU presidency, and perspectives in Estonian politics.

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