Germany has highest household electricity prices among G20 nations
This digest was compiled by AI from multiple sources — links to the originals are below.
German households pay an average of 35.6 euro cents per kilowatt-hour, the highest electricity price among G20 countries, according to a Verivox analysis published Sunday. Italy ranks second at 34.5 cents and Britain third at 32.4 cents. Taxes and levies account for more than 60 percent of the German consumer price.
Key Facts
- Germany's average household electricity price is 35.6 euro cents per kilowatt-hour, more than double the G20 average of about 16.3 cents.
- Italy ranks second at 34.5 euro cents per kilowatt-hour, followed by Britain at 32.4 cents.
- Taxes, levies and other mandatory charges account for more than 60 percent of the final electricity price for German consumers.
- France's household electricity price is 23.3 euro cents per kilowatt-hour and the United States' is 18.3 cents.
- On Turkey's day-ahead electricity market for August 31, the highest price is 3,975 lira per megawatt-hour at 19:00 and the lowest is 1,499.98 lira at 10:00, 12:00 and 15:00.
Price Comparison
The Verivox analysis, based on Global Petrol Prices data, puts Germany's average household electricity price at 35.6 euro cents per kilowatt-hour. Italy is second at 34.5 cents and Britain third at 32.4 cents. France averages 23.3 cents and the United States 18.3 cents, while the G20 average is about 16.3 cents.
Cost Drivers
Verivox attributes more than 60 percent of the German consumer price to taxes, levies and other mandatory charges. Only about one-third of the price for German households reflects the actual cost of electricity generation, according to Verivox energy expert Thorsten Storck. German business associations have long criticized high electricity prices, arguing they undermine the country's competitiveness as an industrial location.
Turkish Spot Market
On Turkey's spot electricity market, trading volume fell 11.1 percent from the previous day to 1,696,240,447 lira on August 30, according to Energy Markets Operation Company data. The day-ahead market for August 31 set the highest price at 3,975 lira per megawatt-hour at 19:00 and the lowest at 1,499.98 lira at 10:00, 12:00 and 15:00. The arithmetic average day-ahead price was 2,613.54 lira per megawatt-hour and the weighted average was 2,675.61 lira. On the spot market for August 30, the highest price was 3,510 lira per megawatt-hour and the lowest was 200 lira.
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Germany has highest household electricity prices among G20 nations
