Latvia records EU's biggest gas price rise

Between the first half of 2022 and the first half of 2023, gas prices increased in 20 out of the 24 EU members that report gas prices – with Latvia's figure rising the most of all, according to fresh Eurostat data. 

Gas prices (in national currencies) surged the most in Latvia (+139%), Romania (+134%), Austria (+103%), the Netherlands (+99%) and Ireland (+73%).
 

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Source dataset: nrg_pc_202

At the other end of the scale were Estonia, Croatia and Italy which registered decreases between -0.6% and -0.5%, while in Lithuania the price remained unchanged. 

Expressed in euro, average household gas prices in the first half of 2023 were lowest in Hungary (€3.4 per 100 kWh), Croatia (€4.1) and Slovakia (€5.7) and highest in the Netherlands (€24.8), Sweden (€21.9), and Denmark (€16.6). 

Data also show that household electricity prices increased in 22 EU countries in the first half of 2023 compared with the first half of 2022. In national currency, the largest increase (+953%) was reported in the Netherlands. This increase is related to several factors: tax relief measures from 2022 were not continued in 2023 and at the same time, energy taxes on electricity doubled for households. A price cap will be incorporated and this will lower the prices at all levels quite significantly in 2023. Large increases in national currency were also registered in Lithuania (+88%), Romania (+77%) and Latvia (+74%). 

 

To view this resource, we need your consent to the use of cookies.

Source dataset: nrg_pc_204

 

 

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