Good News from Finland – Residents of Helsinki, the capital of Finland, have lowest electricity bills among 23 European cities, says the British Broadcasting Corporation BBC.
When exchange rates have been taken out of the equation, Helsinki is the cheapest for electricity prices. The electricity prices in Stockholm are second cheapest of European cities, and Paris is in the third place.
BBC is using data provided by a global think thank VaasaETT.
Households in Berlin pay two-and-a-half times as much as households in Helsinki largely because almost one third of the electricity bill comprises energy taxes.
According to BBC, residents pay 11.43 cents per kilowatt hour (including taxes) in Helsinki for their electricity whereas households in Berlin pay 28.49 cents, in Prague 28.27 cents and in Lisbon 26.99 cents per kilowatt hour.
BBC says that on average across Europe the actual energy price component, including supplier profit margins, makes roughly 41 percent of a household’s electricity bill while distribution represents 33 percent and different taxes 27 percent of the total bill.
Article originally published in www.goodnewsfinland.com