Consumer gas prices in the grand duchy in January-June 2022 were 36.6% higher than the same period in 2021 and 27% higher than in the first half of 2020. Photo: Ilse Driessen/Unsplash

Consumer gas prices in the grand duchy in January-June 2022 were 36.6% higher than the same period in 2021 and 27% higher than in the first half of 2020. Photo: Ilse Driessen/Unsplash

Electricity and gas prices for households rose sharply across the EU during the first half of the year. Luxembourg electricity bills grew at a slower rate than in its immediate neighbours, while natural gas bills were up by more than a third.

Household electricity bills in the grand duchy increased by less than 2%, comparing the January-June 2021 and January-June 2022 periods.

Prices in the first half of the year were up by 3% in Germany, 7% in France and 25% in Belgium.

Natural gas

Household gas prices rose by 37% in Luxembourg, compared to the first six months of 2021. That compared to a rate of 23% in France, 35% in Germany and across the EU27, and 100% in Belgium.

“Energy and supply costs impacted by the current geopolitical situation, the Russian military aggression in Ukraine, mainly drove the increase” in electricity and gas prices, Eurostat on 31 October. The statistics agency reported that “substantial” increases in wholesale energy markets had been partially offset by government subsidies and cuts to taxes and levies.

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