Multilateral Energy Cost Monitoring

Latest: ECM_202403 (published on March 27, 2024)

RUEC (Real Unit Energy Cost)

1. RUEC Levels

Unit: Share (GDP at current market prices in each period=100% in each country). Period: Q1 2015–Q4 2024. Notes: The dotted line represents forecasts for Q1–Q4 in 2024. The prices are seasonally adjusted and include taxes and subsidies. The volumes are seasonally adjusted.

2. Post-Pandemic RUEC Surges

Unit: Index (average RUEC in 2015–2019=1.0 in each country). Period: Q4 2019–Q4 2023. Notes: The counts after the country name indicate the peaks in RUEC surges and the recovered level as of Q4 2023 relative to the pre-pandemic level. The prices are seasonally adjusted and include taxes and subsidies. The volumes are seasonally adjusted.

RUEC Decomposition

1. Asia (China, Japan, and South Korea) and the U.S.

Unit: Index (RUEC in Q1 2015=1.0). Period: Q1 2015–Q4 2023. Notes: The prices are seasonally adjusted and include taxes and subsidies. The volumes are seasonally adjusted.

2. EU (Germany, France, and Italy) and the UK

Unit: Index (RUEC in Q1 2015=1.0). Period: Q1 2015–Q4 2023. Notes: The prices are seasonally adjusted and include taxes and subsidies. The volumes are seasonally adjusted.