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Electricity prices stable, but Malta’s rates sixth highest of EU member states
Household electricity prices in the EU27 rose by 6.3% and gas prices by 12.6%.
25 May 2012, 12:00am
Matthew Vella
Matthew Vella
1 min read
Maltese rates remain amongst the highest in Europe.
Malta's much-maligned household electricity prices remain amongst the highest in the European Union, ranking sixth after Poland, German, Slovakia, Hungary and Cyprus and well above the EU average.
The standard unit of measurement is calculated in PPS - purchasing power standard - to level out any price differentiation between currencies.
But since the rise in Enemalta utility rates in 2007 in a bid to recover the cost of fuel by the national energy company, Malta's prices have since then remained stable.
In the EU27, household electricity prices rose by 6.3% between the second half of 2010 and the second half of 2011.
Between the second half of 2010 and the second half of 2011, the highest increases in household electricity prices in national currency were registered in Latvia ( 27%), Cyprus ( 19%), Portugal and Spain (both 13%) and the United Kingdom ( 12%), and the only decrease in Luxembourg (-5%). Prices in Lithuania, Malta and Finland remained stable or nearly stable.
Expressed in euro, average household electricity prices in the second half of 2011 were lowest in Bulgaria
(8.7 euro per 100 kWh), Estonia (10.4) and Romania (10.9), and highest in Denmark (29.8), Germany (25.3), Cyprus (24.1) and Belgium (21.2). The average electricity price in the EU27 was 18.4 euro per 100 kWh.
When expressed in purchasing power standards, the lowest household electricity prices were found in Finland (11.4 PPS per 100 kWh), France (12.6) and Greece (13.5), and the highest in Cyprus (26.7), Hungary (26.4), Slovakia (24.9) and Germany (24.2).
Matthew Vella, a freelance journalist at MaltaToday, was formerly executive editor at Malt...
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Jekk tara s-salarji li ghandhom il-pajjizi li qed ihalsu rati aktar minna malajr tinduna li ghandhom salarji ferm akbar minn dawk taghna. Allura jekk tqabbel il persentagg bejn kontijiet vis a vis il paga, nahseb li nigu l-ewwel post.
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Rati li qassmu dahar kullhadd. Dak ghandu jghid Gonzi PN u l-abbati tieghu, u mhux minn fuq irridu inessu dan kollu billi joghqodu inewhu u ibezzghu fuq dak li gara skont huma 40 sena ilu. L-ugieh ILLUM qed jinhass.
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As usual we only get half the story. What this report doesn't say is that in most European countries they have much cheaper night rates. So although our rates might not seem so higher than other countries, our rates are the same day or night. Whilst in most European countries, when people return from work they pay the night rates which are much cheaper than those listed. Result is that at the end, our bills are 30 to 50 percent higher than other European households.
