Czechs Have Most Expensive Electricity in Europe Despite Exporting Huge Amounts of Power Abroad
This July, Czech households paid the highest price in Europe for electricity; and yet, something many Czechs see only as a cruel joke, the country remains among the largest exporters of electricity in the world. The July HEPI index (Household Energy Price Index), which compares the price of energy for households in individual European capitals, shows clearly what is occurring. People living in Prague pay the highest price for electricity in all of Europe, according to the purchasing power parity of the currency. This index includes member states and countries outside the EU, such as Switzerland, Norway, and Russia. According to the study, the people of Prague paid roughly 52 euro cents per kilowatt-hour in July. That is roughly twice as much as what residents of Bratislava pay and approximately three times more compared to the costs of residents of Budapest or Moscow. Prague’s residents also pay almost four times more than households in the Swiss capital of Bern and over four times as much as households in Oslo, Norway. Electricity prices in Prague are high even in absolute terms, without conversion, that is, according to the purchasing power parity of the currency. In this case, Prague residents pay the fourth-highest price in the EU, roughly 41 euro cents...
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