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.

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.

In 2022, Denmark recorded the highest residential electricity price for users with an annual consumption of 1,000 to 2,500 kilowatt-hours within Europe, at 54.47 euro cents per kilowatt-hour. This was followed by Belgium, at 41.1 euro cents per kilowatt-hour. That same year, Denmark also had the highest electricity price for households with an annual consumption between 2,500 and 5,000 kilowatt-hours, at 52.15 euro cents per kilowatt-hour.

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.

In 2023, electricity prices for an annual consumption between 2,500 to 5,000 kilowatt-hours in the European Union were the highest for households in Germany. The nation's residences paid on average more than 40 euro cents per kilowatt-hour. In comparison, costs were the lowest in the Hungary, where households paid 11.5 euro cents per kilowatt-hour. Household electricity prices in the European Union averaged 28.3 euro cents per kilowatt-hour in the second half of the year.

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.

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 March 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.

In most European cities, energy prices constituted the main share of the residential end-user electricity price in February 2024. Energy price shares are among the highest in the capital cities of Cyprus, Malta, and Ireland, which are largely reliant on energy imports. Copenhagen, Stockholm, and Brussels account for the largest share of energy taxes in the region. In the Danish capital, for instance, energy taxes -including VAT- represented 47 percent of the residential electricity price. Household electricity prices around the world Italy and Germany have some of the highest electricity prices in the world. Heavily reliant on natural gas imports, these two countries were profoundly stricken by the 2022 energy crisis. Overall, Western Europe is the most expensive region for household power purchases, while many large energy producing countries such as Russia and Saudi Arabia offer their residents the cheapest average rates. Heating gas prices in European cities In terms of residential use gas prices in Europe, Stockholm was the most expensive city in January 2024. Inhabitants of Sweden's capital paid for gas nearly 40 percent more than consumers in Bern, Switzerland, which ranked second. Imports dominate Sweden's gas supply.

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.

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

In the second half of 2023, the electricity prices for household end users (including taxes, levies, and VAT) in the European Union decreased by around one euro cent per kilowatt-hour compared to the previous half of the year. In 2022, the electricity prices in the European Union reached a peak of approximately 29.37 euro cents per kilowatt-hour.The prices include electricity/basic price, transmission, system services, meter rental, distribution and other services.

Germany, Belgium, and Ireland had some of the highest household electricity prices worldwide, as of June 2024. At the time, German households were charged around 0.39 U.S. dollars per kilowatt-hour, while in Belgium, the price stood at 0.37 U.S. dollars per kilowatt-hour. By comparison, in Qatar, residents paid more than 10 times less. What is behind electricity prices? Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices. Reliance on fossil fuel imports Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations. The top importers of natural gas in Europe in 2023 were Germany and Italy, where this energy source constitutes a relevant share of the power mix.

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.

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

European Union Electricity Price: Non-Household Consumers (NH): Total kWh: incl All Taxes & Levies: EU excl UK data was reported at 0.215 EUR/kWh in Jun 2024. This records a decrease from the previous number of 0.235 EUR/kWh for Dec 2023. European Union Electricity Price: Non-Household Consumers (NH): Total kWh: incl All Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.242 EUR/kWh from Dec 2022 (Median) to Jun 2024, with 4 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 Electricity Price Index for Agriculture by Country, 2022 Discover more data with ReportLinker!

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.

European Union Electricity Price: HC: Total kWh: excl Taxes & Levies: EA data was reported at 0.248 EUR/kWh in Jun 2024. This records a decrease from the previous number of 0.248 EUR/kWh for Dec 2023. European Union Electricity Price: HC: Total kWh: excl Taxes & Levies: EA data is updated semiannually, averaging 0.248 EUR/kWh from Jun 2022 (Median) to Jun 2024, with 5 observations. The data reached an all-time high of 0.267 EUR/kWh in Jun 2023 and a record low of 0.204 EUR/kWh in Jun 2022. European Union Electricity Price: HC: Total kWh: 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.P001: Eurostat: Electricity Price: Household Consumers.

European Union Electricity Price: HC: Total kWh: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data was reported at 0.255 EUR/kWh in Jun 2024. This records an increase from the previous number of 0.246 EUR/kWh for Dec 2023. European Union Electricity Price: HC: Total kWh: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.251 EUR/kWh from Dec 2022 (Median) to Jun 2024, with 4 observations. The data reached an all-time high of 0.256 EUR/kWh in Jun 2023 and a record low of 0.242 EUR/kWh in Dec 2022. European Union Electricity Price: HC: Total 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.