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 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.

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

In January 2019 the European Commission published the third report on energy prices and costs in Europe. Published every two years, this most recent report finds that wholesale energy prices have fallen in recent years due to increasing competition on wholesale markets from greater amounts of renewable energy, improved interconnections and a more integrated internal electricity market.

The report also highlights how these lower supply costs, together with stable network tariffs, taxes and levies, enabled household electricity prices to fall in 2017 for the first time since 2008. However, the report also warns of the EU's ongoing high exposure to volatile and growing fossil fuel prices and notes that wholesale prices have started to rise again. Future electricity production costs are expected to increase for fossil fuel-generated electricity (due to import prices and the carbon price) and fall for renewables (linked to the decreasing costs of investment as technologies evolve), with the report suggesting that that electricity market prices could reduce the need for subsidising renewable energy technologies by 2030.

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.

The electricity delivery process has experienced a major shift in recent years, driven by a push to reduce emissions. Governments across Europe are actively moving away from conventional sources of electricity generation, leading to a decline in the continent's dependency on fossil fuels. In 2022, nearly 40% of electricity generated in the EU came from renewable sources, compared with 25% in 2012. The rise of renewables has spurred an influx of renewable generators and necessitated increased investment in electricity networks. This has lifted revenue for transmission and distribution network operators. Revenue is forecast to rise at a compound annual rate of 7.1% over the five years through 2024, reaching €3.2 billion. Falling wholesale prices and a reduction in overall electricity consumption spurred a drop in revenue during the pandemic. Excess demand for natural gas as economies loosened pandemic-related restrictions spurred a strong rebound in wholesale electricity prices in 2021, translating to a jump in revenue. Wholesale prices recorded a renewed spike following Russia’s invasion of Ukraine, spurring a surge in revenue generated by electricity producers and suppliers. Renewable generators were able to rake in extra profits from electricity sold to wholesale markets at inflated prices, counterbalancing a significant rise in costs for fossil fuel generators and electricity suppliers. Revenue is forecast to decline by 8.6% in 2024 as wholesale prices continue to decline from record highs and electricity consumption remains subdued. Revenue is forecast to increase at a compound annual rate of 0.5% over the five years through 2029 to €3.2 billion. The revised Renewable Energy Directive of the EU has set a goal for 69% of electricity to be generated from renewables by 2030. Electricity generators will continue expanding their renewables capacity, while investment in upgrading the electricity network to accommodate the rapid shift to renewables will boost income for transmission and distribution network operators. Rising renewable electricity generation will place downward pressure on wholesale prices, while a long-term decline in electricity consumption in advanced economies will weigh on revenue.

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 Global price of Natural gas, EU (PNGASEUUSDQ) from Q1 1990 to Q1 2025 about EU, gas, World, Europe, and price.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for OECD: Europe (OECDECPGREN01GPQ) from Q2 1970 to Q3 2023 about OECD Europe, fuels, electricity, energy, gas, Europe, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for the European Union (EU28CPGREN01GPM) from Jan 2001 to Jan 2020 about EU, fuels, electricity, energy, gas, Europe, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for the European Union (EU28CPGREN01IXOBQ) from Q1 2001 to Q4 2019 about EU, fuels, electricity, energy, gas, Europe, CPI, price index, indexes, and price.

Prices of the components used to calculate the imbalance price per minute. At the specified time, the most recent available data are collected and displayed as quickly as technically possible. All published values are non-validated values and can therefore only be used for information purposes. This report contains the historical data and is refreshed daily.This dataset contains data from 22/05/2024 (MARI local go-live) on.

Energy Inflation In the Euro Area remained unchanged at -3.60 percent in May. This dataset includes a chart with historical data for Euro Area Energy Inflation.

Electricity Price: HC: Between 5000 & 14999 KwH: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data was reported at 0.226 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.230 EUR/kWh for Jun 2024. Electricity Price: HC: Between 5000 & 14999 KwH: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.165 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.239 EUR/kWh in Jun 2023 and a record low of 0.120 EUR/kWh in Dec 2007. Electricity Price: HC: Between 5000 & 14999 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.

Electricity Price: NH: Total kWh: excl Taxes & Levies: EU excl UK data was reported at 0.153 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.152 EUR/kWh for Jun 2024. Electricity Price: NH: Total kWh: excl Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.174 EUR/kWh from Dec 2022 (Median) to Dec 2024, with 5 observations. The data reached an all-time high of 0.203 EUR/kWh in Dec 2022 and a record low of 0.152 EUR/kWh in Jun 2024. Electricity Price: NH: 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.P002: Eurostat: Electricity Price: Non-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.