Electricity, gas prices break record highs in EU countries in 2022

Electricity and gas prices hit record highs in EU countries in the second half of 2022, according to European Statistical Office data.

In the second half of last year, the average amount paid for 100 kilowatt-hours of electricity in residences in European Union (EU) countries broke a record at €28.4.

During the same period in 2021, EU households paid much less, at €23.5 per 100 kilowatt-hours.

Among EU member states, the cheapest electricity was sold in Hungary at €10.8 per 100 kilowatt-hours, followed by Bulgaria at €11.5, Malta at €12.8 and the Netherlands at €13.5.

Denmark paid the most for electricity at €58.7 per 100 kilowatt-hours, followed by Belgium with €44.9, Ireland with €42 and Czechia with €38.4.

Romania was the country that experienced the highest electricity price increase, at 112%.

– Swedes used the most expensive natural gas

In the second half of last year, the average price paid for every 100 kilowatt-hour of household natural gas in the EU was calculated at €11.4, compared to €7.8 in the same period in 2021.

Swedes paid the highest amount for household natural gas at €27.5 per 100 kilowatt-hours.

The most affordable natural gas was consumed in Hungary, where households paid an average of €3.5 per 100 kilowatt-hours.

Natural gas prices also increased across the board in 27 EU member countries. The highest gas price increase was seen in Czechia, at 231%.

• Electricity and gas prices hit record highs in EU countries in the second half of 2022