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Electricity and natural gas prices hit new highs in the EU in the first half of the year

Prices for electricity and natural gas for domestic consumption in the European Union (EU) reached a new high in the first half of the year: 28.9 euros per kilowatt hour (kWh) and 11.9 kWh including fees and taxes, according to according to Eurostat.

According to the European Statistical Office, in the first half of 2023, average domestic electricity prices in the EU continued to rise compared to the same period in 2022, rising from €25.3 per 100 kWh to €28.9 per 100 kWh.

Average prices for natural gas also increased compared to last year: from 8.6 euros per 100 kWh to 11.9 euros per 100 kWh in the first half of 2023.

These prices are the highest recorded by Eurostat.

However, the bulletin also highlights that compared to the first six months of the year, the share of fees and taxes in electricity bills has fallen on average across the EU from 23% to 19% for electricity and from 27% to 19% for electricity and gas.

In Portugal, domestic consumers paid €20.7 per 100 kWh for electricity, with fees and taxes reduced by 6% year on year, with the country in 19th place in the EU table led by the Netherlands (€47.5 /100 euro). kWh), and Bulgaria has the lowest prices (11.3 euros/100 kWh).

For natural gas, Portugal’s domestic consumers pay €14 per 100 kWh, ranking seventh in a table in which the Dutch pay the highest prices (€24.8/100 kWh) and Hungarians pay the lowest (€3.37).

Author: Lusa
Source: CM Jornal

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