Providing secure, affordable and clean energy solutions is essential to the quality of life of the Maltese population. This is why the Energy & Water Agency works to design policy which would ensure competitive electricity prices for households and the commercial and industrial sectors.
Following substantial investment in energy infrastructure over the past decade, Malta’s consumers have benefitted from a significant cost reduction in energy bills. As the graph below shows, household electricity prices steadily rose across the EU between 2008 and 2020. On the contrary, Malta experienced a significant cost cut in 2013, with prices remaining low seven years later in 2020. The graph shows the average electricity price for household customers in 6-month periods from 2008 to 2020.
The graph below also shows the low residential electricity price (and low taxation levels) in Malta compared to the rest of Europe.
Different tariffs apply for residential, non-residential and domestic energy to encourage energy efficiency without hindering industrial competitiveness. Visit the website of the Regulator for Energy & Water Services to view these tariffs.
Energy Mix for Generating Electricity
Malta has moved to a sustainable energy mix of gas, renewables and electricity imports via the interconnector to generate electricity. Following significant investments in the power station at Delimara, natural gas has replaced heavy fuel oil as the main fuel for electricity generation on the island.
In 2019, natural gas made up 67% of Malta’s energy mix for electricity generation. The planned second interconnector with Italy is likely to increase the share of imported electricity, while the continued deployment of renewable energy sources throughout Malta promises to make the country’s energy mix much greener.