Households gas prices and households electricity prices rose in 2010 in the EU

According to Eurostat, the statistical office of the EU, household electricity prices rose by 5.1% between the second half of 2009 and the second half of 2010, after a fall of 2.3% between the second half of 2008 and 2009. On the household gas prices, there were increased by 7.7% in the EU between the second half of 2009 and 2010, after a fall of 15.5% between the second half of 2008 and 2009.

The electricity prices refer to prices for a household with an annual consumption of between 2,500 and 5,000 kWh, and include taxes, while the gas prices refer to prices for a household with an annual consumption of 20 to 200 gigajoules (GJ) (between 5,556 and 55,556 kWh) of gas, and include taxes. These prices are weighted by national household consumption to give the EU averages. The final price charged to gas customers will depend on the structure of gas tariffs and contracts which normally contain a number of factors, including fixed charges and unit prices that vary according to the volume of gas consumed.

According to the report published by Eurostat, adjusted for purchasing power, lowest electricity prices in France, Finland and Greece. The highest increases in household electricity prices in national currency were registered in Lithuania, (+31%), Greece and Malta. On the other hand, the largest decreases were found in the Netherlands (-8%), Luxembourg, Italy and the Czech Republic. The average electricity price in the EU27 was 17.1 euro per 100 kWh.

Between the second half of 2009 and the second half of 2010, regarding to the gas prices, the highest increases in household gas prices in national currency were observed in Italy (+47%), Slovenia and Bulgaria, and the largest decreases in Slovakia and the United Kingdom (both -6%) and Ireland (-4%). When expressed in purchasing power standards (PPS), the lowest household electricity prices were found in France (11.3 PPS per 100 kWh), Finland and Greece. The Purchasing Power Standard (PPS) is an artificial common reference currency unit that eliminates price level differences between countries. Thus one PPS buys the same volume of goods/services in all countries.