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20.11.2014 16:05
EU Household Prices Increase Faster than U.S. (EIA)
In 2013, average residential electricity rates in European Union (EU) countries were more than double rates in the United States
AUTHOR: publics.bg


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The U.S. Energy Information Administration’s (www.eia.gov) new “Today in Energy” brief looks at how European electricity prices have increased at a faster rate than U.S. power prices.

European residential electricity prices have historically exceeded U.S. prices, and the gap has widened in recent years. In 2013, average residential electricity rates in European Union (EU) countries were more than double rates in the United States. Regulatory structures—including taxes and other user fees, investment in renewable energy technologies, and the mix and cost of fuels—all influence electricity prices. In 2013, average EU residential prices were 0.20 euro per kilowatthour (euro/kWh), which translates to about 26.57 cents per kilowatthour (cents/kWh), a 43% increase from the average 2006 price of 18.80 cents/kWh. In that same time, U.S. prices increased only 17%, from 10.40 cents/kWh to 12.12 cents/kWh.


TAGS: EU | Europe | power | electricity | price | research | EIA | U.S. | U.S. Energy Information Administration 


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