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Comparison of gas prices paid by European consumers

comparaison of gas price.PNG

Source: Eurostat (2019)

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 2018 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 37.3€/MWh for industrial consumers and 67€/MWh for domestic consumers at the end of 2018. On the industrial market, the average price has increased by 10.7% in one year (it was at 33,7€/MWh incl. tax in 2016). In the domestic market, the average price for natural gas, after having increased since 2008, fell by 10% between 2015 and 2016. Since 2018, it has increased by 5.7%.
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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