Czechs have the most expensive electricity in Europe. At the same time, it belongs to the largest exporters in the world

Czechs have the most expensive electricity in Europe. At the same time, it belongs to the largest exporters in the world

This July, Czech households paid the highest price in Europe for electricity. At the same time, the Czechia is among the largest exporters of electricity not only in Europe, but even in the world.

The July HEPI index (Household Energy Price Index), which compares the price of energy for households in individual European capitals, speaks clearly. The people of Prague pay the highest price for electricity in all of Europe after conversion according to the purchasing power parity of the currency. The index includes not only EU countries, but also countries such as Switzerland, Norway, or even Russia.

According to the study, the people of Prague paid roughly 52 euro cents per kilowatt-hour in July at the currency’s purchasing power parity (see graph below). This is roughly twice as much as what residents of Bratislava pay and approximately three times more compared to the costs of residents of Budapest or Moscow.

Czechs have the most expensive electricity in Europe. The chart shows energy prices for households in individual European capitals in July. Photo: Euronews

Prague residents also pay almost four times more than households in the Swiss capital of Bern, and even more than four times as much as households in Oslo, Norway.

Electricity prices in Prague are high even in absolute terms, i.e. without conversion according to the purchasing power parity of the currency. In this case, Prague residents pay the fourth highest price in the EU, roughly 41 euro cents per kilowatt hour. Only residents of Copenhagen, Rome and Amsterdam have more expensive electricity.

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