Malta’s electricity cost per kilowatt-hour (kWh) is the fourth lowest in the European Union for household consumers, a report published by Eurostat shows.
The report, which delves into the energy segment, shows that the price of electricity in Malta for household consumers, comprising taxes, levies and VAT was €0.1306 per kWh in 2018, far beneath the EU average of €0.2113 per kWh.
In fact the data indicates that Malta had the fourth least electricity prices for household consumers in 2018, with only Bulgaria, Lithuania, and Hungary having lower costs. The highest price meanwhile can be found in Denmark, where the amount is almost triple – at €0.3123 – that of Malta.
The story is somewhat dissimilar however when it comes to non-household consumers, where the electricity price in Malta is of €0.1356 per kWh – the fifth uppermost in the EU and above the group average of €0.1149 per kWh. Prices in this relation are only higher in the United Kingdom (€0.1423), Italy (€0.1434), Cyprus (€0.1811), and Germany (€0.1516).
It should be distinguished that the measurement does not, in this case, take into consideration refundable taxes and levies and VAT. The information notes that Malta has a negligible share of taxes and levies paid by these non-household consumers; only Sweden has a lesser rate, while other countries have taxes which vary between the 5% mark in Spain up to the 48.5% mark in Germany.
“The price of energy in the EU relies on a range of different supply and demand conditions, including the geopolitical situation, the national energy mix, import diversification, network prices, environmental protection costs, extreme weather conditions, or levels of excise and taxation”, the report says.