Danes paid highest average price for power in 2000

Nov 20, 2001 01:00 AM

Of residential electricity customers in Europe using 2,000-7,000 kWh a year, those in Denmark paid the highest average price in 2000, according to a price index (base 100) released by the European Electricity Prices Observatory. The price index includes transport and distribution costs, other fixed charges, all taxes and VAT.

Following Denmark, where the price was indexed at 166, the next most expensive country surveyed in this consumption band was Italy at 150, then The Netherlands at 135. The lowest level was found to be Greece at 53.
In the category of non-residential customer using 1-9 GWh/year, customers also paid the most in Denmark, with Switzerland second, the survey said. The lowest levels were the Czech Republic and Ireland. The EEPO is an independent body overseen by marketing and opinion research group INRA Europe.

The Observatory is an initiative of Electricite de France, Electrabel, Endesa, ENEL trade, E.ON and RWE. The EEPO's first survey, published, analyses prices in 17 European countries. The EEPO plans to launch the second wave of the study covering prices for 2001 soon, it said in a press release.
The Observatory also says that every European electricity company is welcome to join it. The project aims to contribute to the price transparency of the market place and to become a key point of reference on prices. Following the start of market liberalization by the EU, "the pricing picture is less evident," Vincent Ravet, managing director of INRA's European office said.

Source: Platts
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