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European residential electricity prices increasing faster than prices in United States

18 November 2014, 18:27 CET
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European residential electricity prices have historically exceeded U.S. prices, and the gap has widened in recent years. In 2013, average residential electricity rates in European Union (EU) countries were more than double rates in the United States. Regulatory structures—including taxes and other user fees, investment in renewable energy technologies, and the mix and cost of fuels—all influence electricity prices…In 2013, average EU residential prices were 0.20 euro per kilowatthour (euro/kWh), which translates to about 26.57 cents per kilowatt hour (cents/kWh), a 43% increase from the average 2006 price of 18.80 cents/kWh. In that same time, U.S. prices increased only 17%, from 10.40 cents/kWh to 12.12 cents/kWh - Today in Energy brief - posted 18 November 2014 on U.S. Energy Information Administration website

The link address is: http://www.eia.gov/todayinenergy/detail.cfm?id=18851

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