Eurostat: Hungarian Gas Prices Cheapest, Electricity Second Cheapest in EU

2022. november 02.


According to Eurostat data, electricity and gas prices have increased significantly in all member states, yet taxes and charges on bills have decreased, reports VG, a Hungarian economic portal.

Average household electricity prices in the European Union rose sharply in the first half of 2022 compared with the same period in 2021, with the price per 100 kWh jumping from €22 to €25.3. As for gas prices, they rose from €6.4/100 kWh to €8.6/100 kWh. Recently, the wholesale prices of electricity and gas have also increased significantly, mainly due to the geopolitical situation, the Russian military aggression in Ukraine and the EU’s response to this, namely sanctions.