Bulgaria Has EU's Highest Natural Gas Prices in PPS

Natural gas prices in purchasing power standards (PPS) in Bulgaria are record-high, compared to the other EU countries, according to Eurostat data for the period between the second half of 2010 and the second half of 2011.

According to the statistical office of the European Union, the average price of natural gas in Bulgaria was EUR 10.1 per 100 kWh.

Bulgaria is followed by Hungary (EUR 9.7) and Slovenia (EUR 9.6).

The lowest prices of natural gas in purchasing power standards were registered in Luxembourg (EUR 4.8 per 100 kWh), the UK (EUR 5.2) and Romania (EUR 5.4).

As regards average prices of natural gas, the commodity was most affordable in Romania (EUR 2.8 per 100 kWh), Estonia (EUR 4.4), Latvia (EUR 4.6) and Bulgaria (EUR 4.7).

The highest prices of natural gas were registered in Sweden (EUR 11.7 per 100 kWh), Denmark (EUR 10.9) AND Italy (EUR 8.8).

The EU27 average was EUR 6.4 per 100 kWh.

In the second half of 2011, natural gas prices in the Eurozone added an average 12.6%.

Romania registered a price decrease of 0.1%, while the UK recorded an increase of 27% from the second half of 2010.

As regards electricity, the lowest average prices were registered in Bulgaria (EUR 8.7 per 100 kWh), Estonia (EUR 10.4) and Romania (EUR 10.9).

The highest rates were recorded in Denmark (EUR 29.8 per 100 kWh), Germany (EUR 25.3) and Cyprus (EUR 24.1).

The EU27 average was EUR 18.4 per 100 kWh, up by 6.3% in the second half of 2011.

The lowest prices of electricity in purchasing power standards were in Finland (EUR 11.4 per 100 kWh), France (EUR 12.6) and Greece (EUR 13.5).

The highest prices of electricity in PPS were in Cyprus (EUR 26.7 per 100 kWh), Hungary (EUR 26.4) and Slovakia (EUE 24.9).

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