Portugal is the sixth EU country with the highest price of electricity – The Economic Journal

Portugal is the sixth EU country with the highest price of electricity - The Economic Journal


In the first half of 2018, Portugal was the sixth country in the European Union to 28 with the highest electricity price and fourth country with the highest gas price, according to Eurostat data.

"Portugal was the sixth country in the EU with the highest electricity price in the first half of 2018, maintaining its position compared to the second half of 2017," says the European statistics office. Portugal is the second country with the highest percentage of taxes included in the electricity price (55.2%) after Denmark (67.7%), with the EU average being 36.7%.

In the first half of 2018, the price of household electricity registered a year-on-year change of -1.7% in Portugal, -0.4% in the Euro Zone and 0.4% in the EU, according to the same data from the European statistics, worked by the Office of Economic Studies of the Ministry of Economy.

The largest increases in electricity prices between Member States between the first half of 2017 and the first half of 2018 were in Estonia (+ 11.7%), the Netherlands (+ 9.2%), Croatia ( + 9.2%), Slovakia (+ 9.1%), United Kingdom (+ 6.4%) and Sweden (+ 4.7%). In contrast, the largest falls occurred in Poland (-4.3%), Greece (-3.6%), Latvia (-3.5%), Malta (-3.2%), Germany (-3.2% %), Italy (-3.0%) and Belgium (-2.4%).

Portugal was still the fourth EU country to 28 with the highest gas price in the first half of 2018, rising two positions compared to the second half of 2017 and is the 12th country with the highest percentage of taxes included in the price of gas (25, 3%), followed by Denmark (67.7%) and the EU average being 27.1%.

For the same period, the price of gas in households registered a year-on-year change of -1.8% in Portugal, 1.7% in the Euro Zone and 1.4% in the EU.

Regarding the gas price, there were increases in Bulgaria (+ 14.91%), Lithuania (+ 9.3%) and the Netherlands (+ 6.8%). The largest falls occurred in Estonia (-4.3%), Portugal (-1.8%), Luxembourg (-1.7%), Sweden (-1.4%) and Slovenia (-1.1%). No data is available for Finland, Greece, Cyprus and Malta.



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