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Finland enjoys cheapest electricity in the EU

11/08/2009

Eurostat figures show that Finland had the cheapest electricity prices in Europe in terms of household purchasing power in 2008.

Finland has the least expensive electricity in Europe for household consumers, according to the latest Eurostat comparison of electricity prices. Household consumers are defined by Eurostat as having an annual consumption between 2500 and 5000 kWh.

Measured in terms of purchasing power standards for household consumers, including all taxes, the price if electricity in Finland was almost 40% cheaper than the EU average at the end of 2008. In absolute terms Finland was also one of the least expensive countries among the old EU countries.

Including taxes, Finnish households paid 26% less for their electricity than the average in the old EU countries, according to Juha Naukkarinen, Managing Director of Finnish Energy Industries. In Sweden the price of household electricity was 37% higher and in Norway 34% higher than in Finland at the end of 2008.

Eurostat publishes a regular electricity price comparison between the 27 EU countries as well as Norway and Croatia, which includes the price of electric energy and electricity transfer, plus taxes.

Source: Eurostat

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