The electricity paid by households in Kosovo is the cheapest in Europe at a price of 0.067 euros per kilowatt-hour (kWh). Bosnia and Herzegovina follows with a price of 0.087 euros per kWh, and Turkey with 0.084 euros, according to Eurostat data.
In the first half of the previous year, one kWh in Montenegro cost 0.096 euros, the same as in Serbia. Serbia has increased the electricity price for citizens on several occasions since then, most recently in November 2023.
Electricity in Serbia increased by eight percent at that time, as reported by Nova Ekonomija. Moldova and Ukraine, countries that also have a relatively low electricity price, were not included in Eurostat’s analysis for this period.
Representatives of the Serbian government responsible for energy often emphasize for years that electricity in Serbia is the cheapest in Europe, but the data contradict them. According to the latest Eurostat data, Serbia has an electricity price that is among the lowest in Europe.
The most expensive electricity in our region is in North Macedonia (0.105 euros per kWh), while in Albania, it costs slightly less (0.101 euros for one kWh).
In North Macedonia, there is currently a government public call for the selection of a universal electricity supplier for households and small consumers for the next five years. Several companies, including the Austrian company EVN Home and the Greek EDS, have expressed interest in this call, according to Macedonian media reports.
For consumers in households in the EU (medium-sized consumers with an annual consumption between 2,500 and 5,000 kWh), electricity prices in the first half of 2023 were highest in the Netherlands (0.475 euros per kilowatt-hour), Belgium (0.435 euros), Romania (0.42 euros), and Germany (0.412 euros per kWh).
The lowest prices among EU member states were recorded in Bulgaria, at 0.113 euros per kilowatt-hour, and Hungary (0.116 euros).
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