Maltese pay almost €5 less for electricity than EU average

The Maltese pay almost €5 less for their electricity than the average EU citizen, with prices that are the sixth cheapest of the member states. According to a Eurostat reported issued on Wednesday for the first half of 2017, Maltese pay €15.4 per 100 kilowatt, adjusted for the country’s purchasing power, with the Portuguese paying the most at €28.6 and the Finnish paying just €12.8. Taxes and levies in the EU made up on average over a third (37%) of the electricity price charged to households in the first half of 2017. The share of taxes and levies in total household electricity prices varied significantly between member states, ranging from two-thirds in Denmark (67% of household electricity price is made up of taxes and levies) and over half in Germany (54%) and Portugal (52%) to 5% in Malta in the first half of 2017. In absolute terms, electricity prices were down in the EU by 0.5% compared to 2016, while in Malta they went up by 1.7%.