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 still have not returned to pre-pandemic levels, such as in countries like Italy, where prices are forecast to reach ****** euros per megawatt hour in September 2025. 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 July 2025. 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. As of August 2025, electricity prices in Italy have decreased to ****** euros per megawatt hour, reflecting ongoing volatility in the market.

In the third quarter of 2025, Bermuda had the highest household electricity prices worldwide, followed by Ireland, Italy, and Germany. At the time, Irish households were charged around 0.44 U.S. dollars per kilowatt-hour, while in Italy, the price stood at 0.42 U.S. dollars per kilowatt-hour. By comparison, in Russia, residents paid almost 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.

In 2024, Ireland recorded the highest electricity prices in the European Union for non-household consumers, with prices of 20.69 and 25.56 euro cents per kilowatt-hour for annual consumption levels of 20,000 to 70,000 megawatt-hours and 500 and 2,000 megawatt-hours, respectively. Finland recorded the lowest prices in the same period.

In 2024, electricity prices for an annual consumption between 2,500 and 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 Hungary, where households paid 10.6 euro cents per kilowatt-hour. Household electricity prices in the European Union averaged 28.7 euro cents per kilowatt-hour in the second half of the year.

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 December 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.

Energy Prices In the Euro Area decreased to 144.13 points in October from 144.37 points in September of 2025. This dataset includes a chart with historical data for Euro Area Energy Prices.

In the second half of 2024, the electricity prices for household end users (including taxes, levies, and VAT) in the European Union decreased compared to 2024. Electricity prices in the European Union peaked in 2023, reaching 29.37 euro cents per kilowatt-hour.The prices include electricity/basic price, transmission, system services, meter rental, distribution, and other services.

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 statistics on electricity prices for household and final non-household customers.

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 December 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.

According to a recent forecast, industrial electricity prices in Europe in 2030 will be lowest in Germany if an electricity price compensation for companies is enacted. France will account for the second-lowest electricity price for enterprises if the ARENH tariff program is maintained. In the ARENH program, businesses have access to nuclear power at a regulated tariff.

European Union Electricity Price: HC: 15000 KwH & Above: excl Taxes & Levies: EU excl UK data was reported at 0.181 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.189 EUR/kWh for Jun 2024. European Union Electricity Price: HC: 15000 KwH & Above: excl Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.112 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.210 EUR/kWh in Jun 2023 and a record low of 0.092 EUR/kWh in Dec 2007. European Union Electricity Price: HC: 15000 KwH & Above: 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.

Euro Area - Electricity prices: Non-household, medium size consumers was EUR0.09 Kilowatt-hour in December of 2021, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on December of 2025. Historically, Euro Area - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.10 Kilowatt-hour in December of 2012 and a record low of EUR0.08 Kilowatt-hour in December of 2017.

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 Price: HC: Between 1000 & 2499 KwH: incl All Taxes & Levies: EU excl UK data was reported at 0.322 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.321 EUR/kWh for Jun 2024. European Union Electricity Price: HC: Between 1000 & 2499 KwH: incl All Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.226 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.322 EUR/kWh in Dec 2024 and a record low of 0.171 EUR/kWh in Dec 2007. European Union Electricity Price: HC: Between 1000 & 2499 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.P001: Eurostat: Electricity Price: Household Consumers.

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 Price: HC: Less Than 1000 KwH: incl All Taxes & Levies: EA data was reported at 0.485 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.488 EUR/kWh for Jun 2024. European Union Electricity Price: HC: Less Than 1000 KwH: incl All Taxes & Levies: EA data is updated semiannually, averaging 0.363 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.488 EUR/kWh in Jun 2024 and a record low of 0.269 EUR/kWh in Dec 2007. European Union Electricity Price: HC: Less Than 1000 KwH: incl All 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.