Cost of electricity sky-rocketed in Belgium since market liberalization in 2007: up by over 60%

Between 2007 — the year of complete liberalization of the energy market — and 2018, the average cost of electricity for a Belgian household (consuming 3,500 kWh per year) increased by 61.59% to 258.63 euros/MWh.

This was revealed on Friday by the CREG (Commission for the regulation of energy and gas) in its yearly update on its cost study on electricity and natural gas. Compared to 2017, the increase was by 3.3%.

It was in Flanders that the average cost of electricity increased the most since 2007: it more than doubled (+104%), from 142.45 to last year’s 290.76 euro/MWh. This meant 519.10 euros more per household.

In Wallonia, it rose by 53% since 2007 (320.50 euros), and by 7% in a year, (262.92 euros/MWh).

In Brussels — that had the lowest average price per MWh of the three regions — the price of electricity increased by over 33% since 2007 (195.42 euros) and by 11.2% in a year, the highest annual increase in the three regions, to 222.20 euros/MWh.

However, the price decreased by 4,8% in the north.

This considerable increase is certainly due in part to higher energy prices. But it is especially because of the rise in renewable energy and cogeneration, distribution rates, government levies, other taxes and VAT.

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