Energy cap proposal within days – but how do UK energy bills compare with EU neighbours?

6 October 2017
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UK consumers pay a lower percentage of their salaries on energy bills than consumers in 17 other EU countries, according to research from voucher code company Vouchercloud.

UK consumers pay on average 2.25% of their annual salaries on energy (an average of £579.75), whereas other countries such as Portugal and Bulgaria this is as high as 5.75% and 5.03%, respectively. 

Meanwhile, in Denmark the average energy bill is the highest at the equivalent of £948 per year, but due to much higher average salaries this amounts to as little as 1.68% of annual wages. By contrast, Bulgarian energy bills cost as little as £291 per year, but this amounts to a much higher portion of average earnings.

UK energy price cap cuts signalled

Prime minster Theresa May has this week promised to revive a plan to cap energy prices, which would save consumers on standard variable tariffs an average of £100 a year. Standard variable tariffs have been criticised as being more expensive than fixed-term contracts.

The idea was promised in the Conservative's election manifesto, but there was no mention of it in June's Queen's Speech.

The full details will be published in a draft Parliamentary bill next week.

Meanwhile, three million consumers who use prepayment energy meters are set to see their costs fall later this year.

How UK energy bills compare to our EU neighbours

The table below shows what percentage of earnings consumers in each EU country spend on electricity bills.

 

Country

 

 

Total Annual Spend

 

 

What % of their annual wage do they spend on electricity?

 

Portugal

£724.13

5.75%

Bulgaria

£290.63

5.03%

Latvia

£499.50

4.96%

Romania

£382.50

4.80%

Greece

£528.00

4.45%

Slovakia

£455.25

4.39%

Lithuania

£368.25

4.03%

Poland

£412.13

3.61%

Czech Republic

£436.13

3.58%

Croatia

£405.75

3.54%

Hungary

£343.88

3.34%

Estonia

£375.75

3.00%

Slovenia

£498.75

2.90%

Spain

£687.00

2.80%

Italy

£729.38

2.62%

Cyprus

£484.13

2.50%

Germany

£913.13

2.27%

UK

£579.75

2.25%

Belgium

£813.75

2.20%

Austria

£621.00

2.11%

Ireland

£715.50

2.10%

Denmark

£947.63

1.68%

France

£521.63

1.62%

Netherlands

£493.13

1.59%

Sweden

£592.50

1.53%

Finland

£474.00

1.29%

Luxembourg

£521.63

1.09%

Source: Vouchercloud, October 2017.

Comments

In reply to by anonymous_stub (not verified)

We are leaving Europe so why the comparison? The cost of energy in the UK is reflected on our income.

In reply to by anonymous_stub (not verified)

Iwould query the average uk spend figures of £579, seems low!

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