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.

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.

Natural gas prices for households in the European Union are more expensive for those with a consumption of less than 200 gigajoules. In 2024, for households with such a level of annual consumption, the natural gas price amounted to an average of 11.69 euro cents per kilowatt-hour, while for consumption levels higher than 200 gigajoules, figures stood at 10.43 euro cents per kilowatt-hour. Sweden is the country with the most expensive household gas prices in the EU.

TTF Gas fell to 33.69 EUR/MWh on July 18, 2025, down 2.31% from the previous day. Over the past month, TTF Gas's price has fallen 18.76%, but it is still 6.23% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on July of 2025.

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.

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

Graph and download economic data for Global price of Natural gas, EU (PNGASEUUSDQ) from Q1 1990 to Q2 2025 about EU, gas, World, Europe, and price.

Graph and download economic data for Harmonized Index of Consumer Prices: Energy for Euro Area (19 Countries) (ENRGY0EZ19M086NEST) from Dec 1999 to Jun 2025 about harmonized, energy, Euro Area, Europe, CPI, price index, indexes, and price.

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.

The report on energy prices and costs gives the latest picture available of the state of energy prices in electricity, gas and in the oil products sectors through extensive ad hoc data collection undertaken with Member States’ statistical offices.

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

This table contains consumer prices for electricity and gas. Weighted average monthly prices are published broken down into transport rate, delivery rates and taxes, both including and excluding VAT. These prices are published on a monthly basis. The prices presented in this table were used to compile the CPI up to May 2023. Prices for newly offered contracts were collected. Contract types that are no longer offered, but have been in previous reporting periods, are imputed. The average can therefore diverge from the prices paid for energy contracts by Dutch households.

Data available from January 2018 up to May 2023.

Status of the figures: The figures are definitive.

Changes as of 17 July 2023: This table will no longer be updated. Due to a change in the underlying data and accompanying method for calculcating average energy prices, a new table was created. See paragraph 3.

Changes as of 13 February: Average delivery rates are not shown in this table from January 2023 up to May 2023. With the introduction of the price cap, the average energy rates (delivery rates) of fixed and variable energy contracts together remained useful for calculating a development for the CPI. However, as a pricelevel, they are less useful. Average energy prices from January 2023 up to May 2023 are published in a customized table. In this publication, only data concerning new variable contracts are taken into account

When will new figures be published? Does not apply.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for OECD: Europe (OECDECPGREN01GPM) from Feb 1970 to Nov 2023 about OECD Europe, fuels, electricity, energy, gas, Europe, CPI, price index, indexes, and price.

Electricity prices for non-household users with an annual consumption between 20 and 70 gigawatt-hours in the European Union averaged 17.07 euro cents per kilowatt-hour in 2023. Prices skyrocketed in 2022 during the global energy crisis. Electricity for industrial users with a high annual consumption is on average cheaper when compared to prices for industries with low consumption.

The inflation rates of various energy commodities in the European Union began to decrease in late 2022 after skyrocketing earlier that year. Liquid fuels' inflation rate stood at -12 percent in April 2025 after having seen the steepest increase in June 2022 at 88 percent. These developments occurred following Russia's invasion of Ukraine, which has been the cause of uncertainty over Europe's security of gas supply, as well as intense energy price volatility. Since 2024, the electricity and gas prices have shown an increasing trend.

Discover how energy distribution costs vary across Europe and their influence on household energy bills, with insights from the latest data analysis.