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.

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 ****** 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 ***** euros per megawatt hour in April 2025. This represents an increase of about ** 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 **** 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.

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.

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: 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 July 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.

This indicator presents electricity prices charged to final consumers. Electricity prices for industrial consumers are defined as follows: Average national price in Euro per kWh without taxes applicable for the first semester of each year for medium size industrial consumers (Consumption Band Ic with annual consumption between 500 and 2000 MWh). Until 2007 the prices are referring to the status on 1st January of each year for medium size consumers (Standard Consumer Ie with annual consumption of 2 000 MWh). Electricity prices for household consumers are defined as follows: Average national price in Euro per kWh including taxes and levies applicable for the first semester of each year for medium size household consumers (Consumption Band Dc with annual consumption between 2500 and 5000 kWh). Until 2007 the prices are referring to the status on 1st January of each year for medium size consumers (Standard Consumer Dc with annual consumption of 3500 kWh).

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 July 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.

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.

Energy Prices In the Euro Area decreased to 143.35 points in May from 145.11 points in April of 2025. This dataset includes a chart with historical data for Euro Area Energy Prices.

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 May 2025 about fuels, electricity, harmonized, Euro Area, gas, Europe, CPI, price index, indexes, and price.

European Union Electricity Price: HC: Less Than 1000 KwH: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data was reported at 0.396 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.395 EUR/kWh for Jun 2024. European Union Electricity Price: HC: Less Than 1000 KwH: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.289 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.396 EUR/kWh in Dec 2024 and a record low of 0.217 EUR/kWh in Dec 2007. European Union Electricity Price: HC: Less Than 1000 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.

This paper analyses the interdependencies existing in wholesale electricity prices in six major European countries. The results of a robust multivariate long-run dynamic analysis reveal the presence of four highly integrated central European markets (France, Germany, the Netherlands and Austria). The trend shared by these four electricity markets appears to be common also to gas prices, but not to oil prices. The existence of a common long-term dynamics among electricity prices and between electricity prices and gas prices can be explained by the similarity of the market design across Europe and by the same marginal generation technology. Since standard unit root and cointegration tests are not robust to the peculiar characteristics of electricity prices time series, we also develop a battery of robust inference procedures that should assure the reliability of our results.

In March 2025, electricity prices in Europe fell significantly due to reduced demand, increased renewable energy, and lower gas prices, impacting industries and prompting calls for further action.

European Union Electricity Price: Non-Household Consumers (NH): Total kWh: incl All Taxes & Levies: EU excl UK data was reported at 0.216 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.215 EUR/kWh for Jun 2024. European Union Electricity Price: Non-Household Consumers (NH): Total kWh: incl All Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.235 EUR/kWh from Dec 2022 (Median) to Dec 2024, with 5 observations. The data reached an all-time high of 0.253 EUR/kWh in Dec 2022 and a record low of 0.215 EUR/kWh in Jun 2024. European Union Electricity Price: Non-Household Consumers (NH): Total kWh: incl All 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.P002: Eurostat: Electricity Price: Non-Household Consumers.

European Union 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. European Union 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. European Union 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.

European Union Electricity Price: HC: Less Than 1000 KwH: excl VAT & Other Recoverable Taxes & Levies: EA data was reported at 0.426 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.427 EUR/kWh for Jun 2024. European Union Electricity Price: HC: Less Than 1000 KwH: excl VAT & Other Recoverable Taxes & Levies: EA data is updated semiannually, averaging 0.312 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.427 EUR/kWh in Jun 2024 and a record low of 0.231 EUR/kWh in Dec 2007. European Union Electricity Price: HC: Less Than 1000 KwH: 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.P001: Eurostat: Electricity Price: Household Consumers.

European Union Electricity Price: NH: Between 20 & 499 MwH: excl Taxes & Levies: EA data was reported at 0.193 EUR/MWh in Dec 2024. This records a decrease from the previous number of 0.203 EUR/MWh for Jun 2024. European Union Electricity Price: NH: Between 20 & 499 MwH: excl Taxes & Levies: EA data is updated semiannually, averaging 0.107 EUR/MWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.235 EUR/MWh in Jun 2023 and a record low of 0.096 EUR/MWh in Dec 2007. European Union Electricity Price: NH: Between 20 & 499 MwH: excl 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.

Germany Electricity decreased 29.73 EUR/MWh or 25.69% 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.