Is electricity more expensive in Spain? On the occasion of the introduction of the new electricity bill model in Spain, it is interesting to see that Spain is among the countries with the most expensive electricity prices in the European Union, although it does not appear at the top of the table. Which European country has the most expensive electricity? Let's have a look at the list of countries with the most expensive electricity in Europe and see that electricity prices in Spain are among the most expensive in Europe.
Spain was slightly below the European average for the price of electricity, at 0.1260 euros per kW/h (excluding taxes and levies) during the second half of 2020. However, one of the debates in the country is the high taxation of electricity in Spain. Among the taxes that Spaniards pay on their electricity bills is VAT, at 21%, which is higher than in other European countries such as Ireland (13%), Italy (10%) or Portugal (6%).
The highest electricity prices in EU countries for household consumers (average consumers with an annual consumption between 2,500 kWh to 5,000 kWh) were recorded during the second half of 2020 in Ireland (0.2179 euros per kW/h) and the lowest in Hungary (0.0794 euros per kW/h).