Energy bills across Europe: What share of the cost is made up of tax?
Energy bills across Europe: What share of the cost is made up of tax?
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The rising energy prices post-Russia's invasion of Ukraine have heavily impacted households, particularly low-income families. Although prices have stabilized, energy bills remain burdensome. Taxes constitute a significant portion of energy costs, varying across Europe. The Household Energy Price Index (HEPI) reveals that the average tax share in household electricity prices across EU capitals is 22%, with notable variations. Amsterdam and Luxembourg City report negative energy taxes due to tax credits, while other cities like Copenhagen and Stockholm have high tax shares. Gas taxes are generally higher than electricity taxes, with significant differences across capitals. National policies and market structures greatly influence energy tax rates.