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Figure 13. Breakdown of electricity prices for households in Europe, second half of 2013.<br />
Euro per kwh Source: Eurostat<br />
MUBARIZ HASANOV<br />
54<br />
are built, competition in the energy<br />
markets will increase and prices<br />
will converge across the member<br />
countries. In addition, the integration<br />
of national energy markets and<br />
further liberalisation will reduce the<br />
importance of oil-indexed gas supply<br />
agreements and may even dilute<br />
the link between gas and oil prices in<br />
the long run. Furthermore, it can be<br />
expected that the CEE countries will<br />
reduce subsidies on electricity and<br />
gas supplies to domestic consumers<br />
as income level of these countries<br />
increase. However, this will not eliminate<br />
disparities in retail prices, as individual<br />
countries may impose different<br />
tax rates.
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