Malta has the lowest electricity prices for domestic consumers in the European Union when measured in terms of purchasing power standards (PPS). This is according to official figures for the second half of 2024.
The use of PPS provides a more accurate picture of the financial burden electricity prices place on households, as it takes into account the cost-of-living differences between countries. While Malta has the third-lowest nominal electricity price for domestic consumers in the EU at €0.131 per unit, when adjusted for PPS – a method used to compare costs between countries based on their cost of living – the burden on Maltese families is the lowest in the EU, at 14.33 PPS per 100kWh.
This stands in contrast with countries like the Czech Republic (41.00 PPS), Cyprus (35.70 PPS), and Germany (35.23 PPS).
“This is clear confirmation that our policy is working for the benefit of the people. The people always come first, and our investment in the energy sector, in efficiency, and in stable systems is delivering concrete results. Maltese and Gozitan families deserve stability and affordability, and as a Government, we will continue working toward that,” said Minister for Energy Miriam Dalli.
Figures reported by Eurostat also confirm that, while many EU countries saw sharp increases in electricity prices compared to 2020, prices in Malta remained stable.
