HC 742 Electricity Market Reform
Ofgem submission: UK energy prices in comparison with Europe
Overview
1.
During our oral evidence session with the Committee (18th January 2011) we agreed , in response to a question from Albert Owen MP, that we would provide details on how United Kingdom domestic electricity prices contrast with prices within Europe. This information follows and for additional assistance we have also provided the same detail for domestic natural gas prices.
2.
All data in this submission is sourced from Eurostat and is for the first half of 2010, which is the latest data set available. All prices are expressed in terms of Euros.
Electricity
3.
The latest data indicates that the UK domestic price for electricity, excluding VAT and tax, is slightly above the EU 27 average.
Price per kWh (not inc VAT and tax): UK 0.1321 EU Average 0.1223
Price per kWh (inc VAT and tax): UK 0.1386 EU Average 0.1676
Natural Gas
4.
The latest data indicates that the UK domestic price for natural gas excluding VAT and tax, is slightly below the EU 27 average.
Price per GJ (not inc VAT and tax): UK 10.73 EU Average 11.12
Price per GJ (inc VAT and tax): UK 11.26 EU Average 14.53
Full data set
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Electricity
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Natural Gas
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Without tax and VAT
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With tax and VAT
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Without tax and VAT
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With tax and VAT
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Austria
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0.1431
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0.1956
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12.5400
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17.2900
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Belgium
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0.1549
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0.2032
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11.7500
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14.7000
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Bulgaria
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0.0675
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0.0813
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8.5080
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10.2107
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Croatia
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0.0934
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0.1151
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8.6454
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10.6326
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Cyprus
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0.1597
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0.1858
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:
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:
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Czech Republic
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0.1108
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0.1345
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10.8661
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13.0395
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Denmark
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0.1168
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0.2670
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14.6034
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29.6959
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Estonia
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0.0695
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0.0970
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7.7148
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10.0680
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Euro area
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0.1234
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0.1765
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11.4856
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15.9794
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European Union (27 countries)
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0.1223
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0.1676
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11.1203
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14.5413
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Finland
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0.0998
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0.1325
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:
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:
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France
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0.0922
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0.1256
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12.2500
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14.4600
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Germany
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0.1381
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0.2375
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11.5400
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15.7000
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Greece
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0.0975
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0.1181
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:
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:
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Hungary
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:
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:
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:
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:
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Ireland
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0.1589
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0.1804
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12.0700
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13.7900
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Italy
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:
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0.1967
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10.4490
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17.1480
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Latvia
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0.0954
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0.1049
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7.9209
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8.7257
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Lithuania
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0.0955
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0.1156
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8.6206
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10.4309
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Luxembourg
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0.1433
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0.1726
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10.6000
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12.0700
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Malta
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:
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:
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:
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:
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Netherlands
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0.1266
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0.1704
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11.1900
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19.4600
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Norway
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0.1484
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0.2027
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:
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:
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Poland
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0.1049
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0.1341
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9.6777
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11.8066
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Portugal
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0.1093
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0.1584
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15.7050
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16.4910
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Romania
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0.0856
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0.1031
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4.1793
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7.6380
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Slovakia
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0.1277
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0.1520
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10.1770
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12.1110
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Slovenia
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0.1057
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0.1401
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12.4105
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15.9965
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Spain
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0.1417
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0.1728
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12.7863
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14.8321
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Sweden
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0.1195
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0.1839
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16.4473
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28.7061
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Turkey
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0.1067
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0.1342
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7.3121
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8.9794
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United Kingdom
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0.1321
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0.1386
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10.7288
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11.2621
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Andrew Wright
Senior Partner Markets, Ofgem
January 2011
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