site.btaEurostat: Bulgaria Had EU's Second Lowest Household Electricity Prices in H2 of 2023

Electricity and gas bills decreased in the second half of 2023, after the increase which started before the Russian war of aggression against Ukraine and skyrocketed through 2022, Eurostat said on Thursday. 

Expressed in euro, Bulgaria had the second lowest household electricity prices in the second half of 2023 (EUR 11.9 per 100 kWh) after Hungary (EUR 11.3 per 100 kWh).

In terms of Purchase Power Standards (PPS), household consumers in Bulgaria paid 19.77 currency units per 100 kWh of electricity and 11.66 currency units per 100 kWh of gas in the second half of 2023.

In the second half of 2023, average household electricity prices in the EU decreased (EUR 28.5 per 100 kWh) when compared with the first half (EUR 29.4 per 100 kWh), and increased slightly compared with the second half in 2022 (EUR 28.4 per 100 kWh). The cost of energy, supply and network, stabilized in the first semester of 2023, show a decrease in the second, still remaining at high levels, compared to cost before the price peak in 2022.

Average gas prices for households in the second half of 2023 decreased (EUR 11.3 per 100 kWh) when compared with the first half of 2023 (EUR 11.9 per 100 kWh) and the second half of 2022 (EUR 11.4 per 100 kWh). Energy, supply and network cost decrease, which started in the first semester of 2023, continued its downward course. For non-household consumers this decrease is more pronounced, showing better conditions for the industry, Eurostat said.