In 2024, Germany recorded the highest residential electricity price for users within Europe, at 44.11 euro cents per kilowatt-hour. This was followed by Ireland, at 36.11 euro cents per kilowatt-hour. Italy, Cyprus, Belgium, Denmark and Czechia were also among the countries with the highest electricity costs.

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.

Electricity prices in Europe are expected to remain volatile through 2025, with Italy projected to have some of the highest rates among major European economies. This trend reflects the ongoing challenges in the energy sector, including the transition to renewable sources and the impact of geopolitical events on supply chains. Despite efforts to stabilize the market, prices in countries like Italy are forecasted to reach 153.83 euros per megawatt hour by February 2025, indicating persistent pressure on consumers and businesses alike. Natural gas futures shaping electricity costs The electricity market's future trajectory is closely tied to natural gas prices, a key component in power generation. Dutch TTF gas futures, a benchmark for European natural gas prices, are projected to be 40.67 euros per megawatt hour in April 2025. This represents an increase of about 13 euros compared to the previous year, suggesting that gas prices will continue to influence electricity rates across Europe. The reduced output from the Groningen gas field and increased reliance on imports further complicate the pricing landscape, potentially contributing to higher electricity costs in countries like Italy. Regional disparities and global market influences While European electricity prices remain high, significant regional differences persist. For instance, natural gas prices in the United States are expected to be roughly one-third of those in Europe by March 2025, at 4.13 U.S. dollars per million British thermal units. This stark contrast highlights the impact of domestic production capabilities on global natural gas prices. Europe's greater reliance on imports, particularly in the aftermath of geopolitical tensions and the shift away from Russian gas, continues to keep prices elevated compared to more self-sufficient markets. As a result, countries like Italy may face sustained pressure on electricity prices due to their position within the broader European energy market. [673333]

In 2023, Cyprus recorded the highest electricity prices for non-household consumers with an annual consumption of 20,000 to 70,000 megawatt-hours in the European Union, at 26.9 euro cents per kilowatt-hour. Meanwhile, Hungary was the country with the highest electricity price for non-household consumers with an annual consumption between 500 and 2,000 megawatt-hours.

Table comparing electricity prices per kWh and their annual changes in France, Germany, Spain, and Italy, highlighting the variations across European countries. Source: Eurostat.

European Union - Electricity prices: Non-household, medium size consumers was EUR0.16 Kilowatt-hour in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on June of 2025. Historically, European Union - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.19 Kilowatt-hour in December of 2023 and a record low of EUR0.08 Kilowatt-hour in December of 2017.

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

European Union - Electricity prices: Medium size households was EUR0.29 Kilowatt-hour in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Electricity prices: Medium size households - last updated from the EUROSTAT on June of 2025. Historically, European Union - Electricity prices: Medium size households reached a record high of EUR0.29 Kilowatt-hour in December of 2023 and a record low of EUR0.17 Kilowatt-hour in December of 2010.

Electricity Price: HC: Between 1000 & 2499 KwH: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data was reported at 0.277 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.276 EUR/kWh for Jun 2024. Electricity Price: HC: Between 1000 & 2499 KwH: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.191 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.279 EUR/kWh in Jun 2023 and a record low of 0.145 EUR/kWh in Dec 2007. Electricity Price: HC: Between 1000 & 2499 KwH: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.P001: Eurostat: Electricity Price: Household Consumers.

Electricity Price: HC: Total kWh: excl Taxes & Levies: EU excl UK data was reported at 0.219 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.229 EUR/kWh for Jun 2024. Electricity Price: HC: Total kWh: excl Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.229 EUR/kWh from Dec 2022 (Median) to Dec 2024, with 5 observations. The data reached an all-time high of 0.242 EUR/kWh in Jun 2023 and a record low of 0.219 EUR/kWh in Dec 2024. Electricity Price: HC: Total kWh: excl Taxes & Levies: EU excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.P001: Eurostat: Electricity Price: Household Consumers.

In March 2024, industrial electricity prices in the European countries of Poland, Italy, and the United Kingdom were among the highest in the world, at over 0.40 U.S. dollars per kilowatt-hour. Singapore was the Asian country with the highest electricity bill worldwide at that time. Lowest electricity prices in the world The average retail electricity price in the United States was considerably lower than in most of Europe. Iceland was the European country with one of the lowest electricity bills for enterprises that month. At the bottom of the ranking were also Russia, Iraq, Qatar, Argentina, and Libya. In these countries, commercial electricity prices amounted to less than 0.1 U.S. dollars per kilowatt-hour. Household electricity prices In addition, European countries had the highest household electricity prices worldwide that month, with Italy at the top of the ranking. By comparison, Iran and Ethiopia had the lowest residential electricity prices in the world.

The Nordic countries of Iceland, Norway, Finland, and Sweden recorded the largest electricity demand per capita in Europe over the last few years. In 2023, Iceland’s per capita electricity demand averaged at almost 52 megawatt-hours per person, more than twice the consumption of runner-up Norway. Meanwhile, France, the largest electricity producer among the European Union countries, had an average per capita consumption of seven megawatt-hours in 2024. Why is electricity consumption so high in Iceland? The intense electricity consumption in Iceland stems from a combination of factors. On the one hand, due to its abundant natural resources, hydro and geothermal are the main sources of electricity generation in Iceland, allowing the country to produce power at high reliability and very low costs. Meanwhile, on the demand side, Iceland is home to some particularly energy-intensive industries – in 2023, it ranked among the largest aluminum smelter producers worldwide. To top it off, electricity demand is also high on the household sector side, due to the Nordic country’s long, dark, and cold winters. A similar combination of factors can also be found in Norway. How cheap is electricity in Iceland? In 2024, household electricity prices in Iceland averaged between 18 and 22.2 euro cents per kilowatt-hour, depending on the level of demand. In comparison to the average household electricity price in the European Union in the same period, it was around 40 percent cheaper. Iceland had one of the lowest residential electricity prices in Europe. On the other side of the spectrum, Germany, Denmark, and Belgium reported the highest prices in the region.

Graph and download economic data for Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for Euro Area (19 Countries) (CP0450EZ19M086NEST) from Dec 1999 to Apr 2025 about fuels, electricity, harmonized, Euro Area, gas, Europe, CPI, price index, indexes, and price.

European Share of Electricity Distribution Costs in Network Costs for Non-household by Country, 2023 Discover more data with ReportLinker!

Graph and download economic data for Harmonized Index of Consumer Prices: Electricity for Euro Area (20 Countries) (CP0451MI15EA20M086NEST) from Dec 1999 to May 2025 about electricity, Euro Area, World, and Europe.

Graph and download economic data for Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for European Union (27 Countries from 2020) (CP0450EU272020M086NEST) from Dec 2000 to May 2025 about EU, fuels, electricity, harmonized, gas, Europe, CPI, price index, indexes, and price.

Electricity Price: NH: Between 20000 & 69999 MwH: excl VAT & Other Recoverable Taxes & Levies: EA data was reported at 0.142 EUR/MWh in Dec 2024. This records an increase from the previous number of 0.141 EUR/MWh for Jun 2024. Electricity Price: NH: Between 20000 & 69999 MwH: excl VAT & Other Recoverable Taxes & Levies: EA data is updated semiannually, averaging 0.092 EUR/MWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.201 EUR/MWh in Dec 2022 and a record low of 0.070 EUR/MWh in Dec 2007. Electricity Price: NH: Between 20000 & 69999 MwH: excl VAT & Other Recoverable Taxes & Levies: EA data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.P002: Eurostat: Electricity Price: Non-Household Consumers.