Electricity Household Prices in July on a Slight Decline

While the prices for electricity and gas decreased in July compared to the previous month, there was a significant increase in heating oil and fuel prices. Overall, the energy price index (EPI) of the energy agency increased by 1.0 percent compared to the previous month, according to a release. In the annual comparison, however, electricity remained the main price driver.

Minus 0.6 percent for electricity

Especially since the beginning of the year, the electricity price for end customers has noticeably increased. The energy agency explains this increase mainly due to the elimination of government relief measures and higher network charges. Compared to the previous month of June, the prices for electricity decreased by 0.6 percent, but on an annual basis, there was an increase of 35.3 percent. Thus, electricity remained the main price driver among energy sources. Natural gas became 0.7 percent cheaper compared to the previous month, and 3.2 percent cheaper on an annual basis.

Plus 2.8 percent for diesel

In the monthly comparison, heating oil and fuels were particularly price-driving, while they had a dampening effect in the annual comparison. Diesel prices increased by 2.8 percent in July compared to the previous month of June, but there was a decrease of 4.2 percent on an annual basis. Gasoline became 1.1 percent more expensive in the monthly comparison, but was 5.6 percent cheaper compared to July 2024. For heating oil, the monthly comparison shows a significant increase of 7.1 percent, while prices fell by 4.6 percent over the year.

Solid fuels also became slightly more expensive in the monthly comparison. While wood pellets cost 0.4 percent more in the annual comparison, firewood was 7.1 percent cheaper. Overall, the energy price index increased by 4.3 percent in the annual comparison.

(APA/Red)

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