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Comparison of gas prices paid by European consumers

Source: Eurostat (2020)

Description

This benchmark compares prices in the domestic and industrial segments for the countries of the European Union. The prices are based on the average price invoiced at the end of the second semester of 2019 and for each country, the tax component is highlighted. The European average is weighted by volumes consumed in each country.

Analysis

On average, the price of natural gas in the European Union was 36.6 €/MWh for industrial consumers and 67 €/MWh for domestic consumers at the end of 2019. On the industrial market, the average price has decreased by 2% after rising by 11% between 2017 and 2018. In the domestic market, the price does not change much (+1%) after increasing by 5.8% in 2018.
Mainly due to taxation and geographic distance from producing countries, gas prices – tax included – may vary by up to 100% in some E.U. countries on both markets.

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