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Electricity prices for Bulgarian businesses below the EU average in the second half of 2022

Electricity prices for Bulgarian businesses below the EU average in the second half of 2022

Electricity prices for non-domestic consumers (with annual consumption between 500 MWh and 2 000 MWh) including taxes and charges are highest in Romania (EUR 0.4251 per KWh) and Denmark EUR 0.4029 per KWh in the second half of 2022. The lowest final prices in EU countries are observed in Finland (EUR 0.1365 per KWh), Malta (EUR 0.1465 per KWh) and France (EUR 0.1486 per KWh). The EU average price in the second half of 2022 was EUR 0.2485 per KWh.

The final electricity price in Bulgaria for non-household consumers was EUR 0.2152 per KWh, or slightly below the EU average for the second half of the year.

Source: EUROSTAT

According the Eurostat data, in the second half of 2022 the share of taxes is the lowest observed since the beginning of this data collection (5.6%), reflecting the measures taken to mitigate the effects of high electricity costs in the past year. In comparison, the tax burden in 2020 reached 53.4% in the first half of 2020.

Over the past year, most countries have introduced measures to support industrial prices, which has reflected in lower net electricity taxation, while some countries have also seen negative net values (Greece, Bulgaria, Portugal and Latvia).

In Greece (EUR 0.3925 per KWh) and Bulgaria (EUR 0.3481 per KWh) the prices without taxes, i.e. only the cost of energy, supply and transmission on the transmission and distribution networks w/o taxes are the highest.

Vertical stacked bar chart on the electricity prices for non-household consumers in the first half 2022 in the EU, the euro area, EU Member States and some EFTA countries, candidate countries, potential candidates and other countries. Each bar shows the two components of the price, which are the price without taxes, and the non-recoverable taxes.

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