Energy prices in Poland are almost half that of those in Sweden and a third of those in the Netherlands and Italy, the country’s Climate Minister Anna Trzeciakowska revealed in a tweet on Sunday.
“Another day with the lowest energy prices on the EU’s day-ahead market,” she wrote, adding that the government will not slow down and will continue to work hard “so that prices in Poland are stable and low for everyone.”
Trzeciakowa showed day-ahead electricity market data for October 3: The price in Poland was €103, while in Germany it was €209, in Czechia it was €227, and in Slovakia it was €241.
Meanwhile, in France the average price is €287, and in Italy and Greece it is €332 and €369 respectively.
Lithuania, Latvia, and Estonia currently have prices ranging from €270-276.
In September, energy prices in the Eurozone increased by 40.8 percent year-over-year. Negative changes in the economy are felt across the entire bloc.
Germany recorded rapid inflation growth in September. According to initial estimates out of the Federal Statistical Office, it is around 10 percent. This is the highest inflation rate in the country since the beginning of the 1950s.
Dutch inflation soars to unprecedented 17.1%, 10 eurozone countries in double digits
The cost of living crisis is mainly being fueled by higher energy prices, up 114 percent on last year
According to an initial assessment by Statistics Poland (GUS), inflation in Poland increased 17.2 percent year-over-year in September.
Experts say this is mainly the effect of raging energy prices due to the market’s destabilization by Russia.