Germany's electricity prices have experienced an increase in the latter half of 2024 and the beginning of 2025, reaching an average of 140.42 euros per megawatt-hour in February 2025. This marks a notable decrease from the record high of over 469 euros per megawatt-hour in August 2022, yet remains above pre-pandemic levels. The ongoing volatility in energy prices continues to impact German households and businesses, reflecting broader trends across Europe's energy landscape. Electricity price recovery German electricity prices began recovering back to pre-energy crisis levels in 2024, a period driven by a complex interplay of factors, including increased heating demand, reduced wind power generation, and water scarcity affecting hydropower production. The rise in natural gas and coal prices, exacerbated by the economic recovery post-COVID-19 and the Ukraine conflict, further contributed to the spike. Despite Germany's progress in renewable energy sources, with over 50 percent of gross electricity generated from renewable sources in 2023, the country still relies heavily on fossil fuels. Coal and natural gas accounted for approximately 40 percent of the energy mix, making Germany vulnerable to fluctuations in global fuel prices. Impact on consumers and future outlook The volatility in electricity prices has directly impacted German consumers. As of April 1, 2024, households with basic supplier contracts were paying around 46 cents per kilowatt-hour, making it the most expensive option compared to other providers or special contracts. The breakdown of household electricity prices in 2023 showed that supply and margin, along with energy procurement, constituted the largest controllable components, amounting to 40.6 and 11.6 euro cents per kilowatt-hour, respectively. While prices have decreased since the 2022 peak, they remain higher than pre-crisis levels, underscoring the ongoing challenges in Germany's energy sector as it continues its transition towards renewable sources.

Wholesale electricity prices in the European Union (EU) increased in 2024 after recovering from the global energy crisis in 2023. This was the result of a myriad of factors, including increased demand in the “post-pandemic” economic recovery, a rise in natural gas and coal prices, and a decline in renewable power generation due to low wind speeds and drought. Nuclear power's critical role In 2023, nuclear and wind were among the leading sources of electricity generation in the EU, accounting for more than one-third of the output. Nuclear energy continues to play a crucial role in the European Union's electricity mix, generating approximately 619 terawatt-hours in 2023, which accounted for about 20 percent of the region's power production. However, the future of nuclear power in Europe is uncertain, with some countries like Germany phasing out their nuclear plants while others maintain their reliance on this energy source. The varied approaches to nuclear power across EU member states contribute to the differences in electricity prices and supply stability throughout the region.

Renewable energy's growing impact As Europe strives to decarbonize its energy sector, renewable sources are gaining prominence. Wind power in Europe, in particular, has seen significant growth, with installed capacity in Europe reaching 257.1 gigawatt hours in 2023. This expansion of renewable energy infrastructure is gradually reshaping the electricity market, potentially leading to more stable prices in the long term. However, the intermittent nature of some renewable sources, such as wind and solar, can still contribute to price fluctuations, especially during periods of low output.

The average wholesale electricity price in Sweden stood at 19.57 euros per megawatt-hour in October 2024. Prices in the country peaked in December 2022 at 235 euros per megawatt-hour.

Germany Electricity decreased 21.39 EUR/MWh or 18.48% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for Germany Electricity Price.

In February 2025, the average wholesale electricity price in France amounted to 126.63 euros per megawatt-hour, an increase on the previous month. The electricity price was more than twice as high compared to the same period the previous year.

Spain Electricity decreased 81.27 EUR/MWh or 59.82% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for Spain Electricity Price.

This dataset provides values for ELECTRICITY PRICE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The average wholesale electricity price in Spain amounted to 119.03 euros per megawatt-hour in February 2025, an increase compared to the previous month. The electricity price was lower compared to the same period in the previous year. Non-household and household electricity prices in Spain Average annual electricity prices in Spain have not yet fallen back to between 40 and 65 euros per megawatt-hour, the average electricity price before the impact of the energy supply shortage in 2021. Household electricity prices in Spain average 99.6 euro cents per kilowatt-hour in 2023. Similarly, non-household electricity prices have not yet fully recovered to pre-energy supply shortage levels, averaging 12.17 euro cents per kilowatt-hour in 2024. Spanish electricity market The Spanish electricity market consists of two sectors: a regulated sector and a liberalized sector. Both sectors are dominated by two utility companies, Endesa and Iberdrola. The companies possessed a combined market share of 75 percent within the regulated market in the year 2023, whereas their combined share of the liberalized market amounted to 64 percent that same year.

UK Electricity decreased 15.90 GBP/MWh or 15.52% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for the United Kingdom Electricity Price.

The average wholesale electricity price in Ireland amounted to 123.59 euros per megawatt-hour in October 2024. During the period in consideration, figures reached a record high in March 2022, at over 293 euros per megawatt-hour. This was an increase of more than 302 percent compared to the same month a year prior.

Italy Electricity decreased 10.78 EUR/MWh or 7.83% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for Italy Electricity Price.

France Electricity decreased 6.42 EUR/MWh or 9.19% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for France Electricity Price.

Electricity prices on the markets are an important indicator of the current market and supply situation in Europe and Switzerland. Supply (production) is combined here with demand (consumption) and ultimately results in a price for a specific electricity product. There are markets for different electricity products. The spot markets give short-term signals from the market: The "Day Ahead" market indicates the wholesale electricity price for the following day. In the "Base" product, prices indicate the arithmetic mean of the prices for a delivery in the following 24 hours. In intraday trading, electricity is bought and sold for delivery on the same day.

The electricity price on the spot market also indicatively reflects the assessment of the overall market on the supply situation. In the event of short-term shortages, prices will tend to rise. Such shortages can be caused, for example, by outages in the European and Swiss production park, a shortfall in supply from supply-dependent production sources such as PV and wind, or lower availability of primary energy sources such as coal or gas.

The spot electricity prices do not, however, directly result in the end consumer price that private and commercial customers pay to their local energy supply company. These end-customer prices depend, among other things, on the procurement strategy (long-term purchases or short-term purchases on the market) of the local energy supply company, on the share of electricity produced in the company's own power plants, on the quality of the electricity (renewable or not), on the grid costs and levies.

The national consumer price index (CPI) measures the price development (inflation) of the goods and services that are important for private households (basket of goods). It shows by how much consumer goods have become more expensive compared to the previous month, the previous year or any other earlier point in time. The index is based on December 2020. The price development is measured on the basis of the basket of goods, which also includes the most important energy sources - i.e. also electricity. The calculation methodology is managed by the Federal Statistical Office.

This table shows the average prices paid for natural gas and electricity. The total prices represent the sum of energy supply prices and network prices.

The total price is the price paid by an end-user, for instance a household or an industrial company consuming energy in their production process. Natural gas used for non-energy purposes or for electricity generation is excluded from the data.

The price cap set by the Dutch government for 2023 has now been incorporated into the prices.

Data available from: 1st semester of 2009

Status of the figures: The figures in this table are provisional for the two most recent semesters, and the annual figures follow the status of the second semester of the relevant reporting year. The remaining figures are final.

Changes as of September 30: Figures for the first half of 2024 have been added.

When will new figures be published? New provisional figures will be published three months after the semesters end, at the end of September and at the end of March.

UK Gas decreased 26.27 GBp/Thm or 20.95% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on March of 2025.

In February 2025, electricity prices in the United Kingdom amounted to 143.37 British pounds per megawatt-hour, an increase on the previous month. A record high was reached in August 2022 when day-ahead baseload contracts averaged 363.7 British pounds per megawatt-hour.
Electricity price stabilization in Europe Electricity prices increased in 2024 compared to the previous year, when prices stabilized after the energy supply shortage. Price spikes were driven by the growing wholesale prices of natural gas and coal worldwide, which are among the main sources of power in the region.

… and in the United Kingdom? The United Kingdom was one of the countries with the highest electricity prices worldwide during the energy crisis. Since then, prices have been stabilizing, almost to pre-energy crisis levels. The use of nuclear, wind, and bioenergy for electricity generation has been increasing recently. The fuel types are an alternative to fossil fuels and are part of the country's power generation plans going into the future.

Energy Prices In the Euro Area decreased to 150.70 points in February from 151.16 points in January of 2025. This dataset includes a chart with historical data for Euro Area Energy Prices.

Have timely access to reliable Electricity price assessments in Philippines:

• Electricity, wholesale spot price, Philippines, including generation costs
• Electricity, household, Philippines, for consumption up to 200 kWh/month

Each assessment includes Electricity price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Electricity price assessments for Philippines and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Have timely access to reliable Natural Gas price assessments in Netherlands:

• Natural Gas, wholesale spot price, Dutch TTF

Each assessment includes Natural Gas price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Natural Gas price assessments for Netherlands and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.