As the winter months approach and Christmas edges closer, household bills tend to increase due to people spending additional time indoors and using more electricity than usual. But who will be paying the most?
Interested in residential energy costs worldwide, SaveOnEnergy.com/uk utilised data from Eurostat and Odysee-mure to analyse household electricity costs per kWh and the consumption of electricity per household to uncover which European country pays the most and least for their electricity bills!
Which country has the most expensive electricity bills?
SaveOnEnergy.com/uk discovered that households in Norway fork out the most for their electricity! On average, households in the country pay €2,467 each year for their bills – that’s an astonishing €205.58 a month. Dwellings in Norway use the most electricity in Europe at 14,181 kWh per year.
But despite being the most expensive electricity bill in the whole of Europe, when compared to the country’s average salary (€39,125), Norwegians can expect to spend 6.3% of their annual salary on electricity bills.
Compared to the average annual salary (€24,474), residents of Norway can expect to spend 7.2% of their annual wage on electricity bills.
Taking second spot is Sweden. Residents here pay a huge €1,767 for their electricity bills annually; €147.25 per month. Their electricity cost per kWh is priced at €0.208 and their electricity usage per household is 8,494 kWh on average per year.
Cyprus ranks third, with their bills costing €130.25 each month which totals to an average of €1,563 annually. Those living in the country have to pay the seventh highest in Europe per kWh of electricity used at €0.224, despite households only consuming 6,975 kWh on average each year.
In fourth place is Finland, with residents paying €1,525 for their electricity each year. As neighbours of first place Norway and second place Sweden, it seems Scandinavian countries have some of the highest electricity bills in Europe! Bearing in mind a Finnish native typically earns around €24,879 per year, on average, they can expect to spend 6.1% of their salary on their energy bills.
Following in fifth and sixth are Ireland (€1,470) and Belgium (€1,306).
Which country has the least expensive electricity bills?
SaveOnEnergy.com/uk can reveal that households in Bulgaria have the lowest energy bills in Europe! Spending just €306 each year, their bills equate to €25.50 each month. They also have the lowest cost of electricity per kWh at just €0.096.
Hungary has the second cheapest electricity bills; households are charged €370 on average each year (€30.83 per month).
Following third is Poland whose residents pay just €390 annually (€32.50 monthly).
Lithuanian residents pay the fourth least for electricity at €499 every year (€41.58 monthly). Estonia place in fifth, paying a sum of €557 each year for their electricity bills (€46.42).
Who spends the highest percentage of their earnings on electricity bills?
Using Eurostat data, SaveOnEnergy.com/uk were intrigued to find out which country spends the largest percentage of their annual salary on their electricity bills and discovered that residents of Portugal spend the most!
Those living in Portugal spend €989 of their €10,023 yearly salary on electricity bills, totalling to 9.8%.
In second place is Croatia, where they pay an average of 9.7% of their salary to maintain electricity in their homes.
Cyprus place in third once again as households spend an estimated 9.6% of their annual earnings on electricity bills.
Who spends the lowest percentage of their earnings on electricity bills?
With their average annual salary being an astonishing €36,354, households in Luxembourg spend the lowest percentage of their yearly salary on electricity bills, at just 2.1%!
Homeowners in the Netherlands are in second position, spending 2.9% of their €24,612 annual pay on power.
Following in third is Denmark. On average, residents are found to spend just 3.2% of their salary on bills.
See the full blog post for the complete methodology, including tips on how to save money on your electricity bills and more information: https://www.saveonenergy.com/uk/how-much-do-electricity-bills-cost-across-europe.