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Drop in electricity, gas prices in EU

BRUSSELS,Household electricity prices in the European Union (EU) slightly decreased by 0.2 percent on average, between the second half of 2016 and the second half of 2017, to stand at 20.5 euro (USD 23.7) per 100 kWh.

Across the EU Member States, household electricity prices in the second half of 2017 ranged from below 10 euro, about USD 11, per 100 kWh in Bulgaria to more than 30 euro (USD 34) per 100 kWh in Denmark and Germany.

Household gas prices fell by 0.5% on average in the EU between the second halves of 2016 and 2017 to stand at 6.3 euro (USD 7.3) per 100 kWh. Among EU Member States, household gas prices in the second half of 2017 ranged from around 3 euro (USD 3.4) per 100 kWh in Romania to almost 9 euro (USD 10) per 100 kWh in Denmark and more than 11 euro (USD 12) per 100 kWh in Sweden. These figures were released by Eurostat, the EU’s statistical office, on Wednesday.

Taxes and levies in the EU made up on average over a third 40 percent of the electricity price charged to households in the second half of 2017, and about a quarter 27 percent of the gas price, it added.

Source: Kuwait News Agency