Saturday, February 28, 2015

Business Electricity Price Comparison

business electricity price comparisonA little more than 9 cents per kWh, average electricity prices for French households up below the European average. But the complexity of tariff systems between countries and according to the operators makes it difficult to compare the actually paid by each EU citizen bills. Business Electricity Price Comparison.

Announced the price of electricity in the coming months with the adoption of the Nome law does call into question the tariff advantage offered by the French nuclear origin? In fact, the French pay, for the moment, their cheaper electricity than most of their European neighbors. On average, the kilowatt / hour (kWh) is charged 9.22 cents off their taxes, according to data provided by Eurostat and published on 15 April. It's almost 3 cents less than energy distributors charge consumers an average of the 27 EU countries.

If we stick to the kWh tariff, French households therefore have a significantly cheaper electricity than their German neighbors who pay almost 45% more expensive (13.81 cents per kWh on average). It even costs 14.17 cents to the Spaniards. And if we
take into account their income, the French are also better off than Bulgarians nevertheless benefit from competitive prices thanks, too, for their nuclear power plants (6.75 cents).

Irish and Cypriot pay larger bills

But the comparison of single kWh rate is not very telling. To get an idea of ​​these price differences, it must be set against the bills are in each EU country families consuming, for example, 3,500 kWh a year. In France, the average rate observed in 2010, it will cost them 322.70 euros per year. On the same basis, the Europeans have to the biggest financial effort for lighting, watching TV, taking a shower, or possibly heat, are the Cypriots with 598.95 euros per year and the Irish (559.30 euros ). On the map of Europe, France is therefore one of the five countries where the cost of electricity is the lowest, with Croatia, Estonia and Bulgaria.

Business Electricity Price Comparison. € 13 billion could be saved

With the European market liberalization of electricity in place since 2007 consumers of the 27 member countries should have the choice between several operators. Does he benefited consumers? Not at the moment, since between 2007 and 2010, the average electricity price paid by households in the EU has steadily increased from 11.23 to 12.23 cents per kWh.

In addition, information on prices is not yet sufficiently well managed to Europeans. At least, this is indicated by a study by the European Commission and published in November 2010 that only 32% of EU consumers have compared offers and almost half (47%) do not even would experience consumption Electricity from home. The findings of this survey indicate that € 13 billion could be saved if households compared the prices!

Business Electricity Price Comparison. Over 860 different types of contracts

But to compare prices, you must be able to navigate among multiple subscriptions offered by electricity suppliers. Thus there would be some 866 different types of contracts for the only ways consumers (using about 3,500 kWh per year) throughout the European Union.

Some operators set a price for a given period and readjust them at the end of this period, other connecting fares to market fluctuations, others charge more for their electricity during peak consumption. For example, 95% of Bulgarians are entitled to special "day" different nightly rates. In France, 54% of households use this system. This is also a majority system in Slovenia, Greece, Estonia and the Netherlands and Belgium.

Business Electricity Price Comparison. The Belgian puzzle

In Belgium, where the price of electricity is one of the highest in Europe (14.49 cents per kWh per year, according to Eurostat, for an "average" household) there are 104 different types of rates for a consumption of 3,500 kWh per year! Contracts of one year, two years, with no specific term, fixed or variable rates, lower rates for times of low consumption, increased peak ... when all terms are proposed.

The French, however, have yet to choose between 38 different scales, and this could increase with the implementation of the law on the new organization of the electricity market.

The offer is much less varied in Greece, with only two different modalities of payment, as well as in the recently integrated in the European Union countries such as the Czech Republic (3 different prices).

Business Electricity Price Comparison. External factors also weigh on the invoice

The electricity bill actually paid by households each month also depends on factors such as home insulation, outdated more or less facilities and differences in the use of electricity (some use it for heating , others not).

In an attempt to limit the impact of these differences on the least well-off households, there are all over Europe, "social tariffs". Apart from Sweden, Denmark and Luxembourg, special assistance is indeed granted by distributors to low-income households so they can pay their electricity. Business Electricity Price Comparison.

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