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.

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.

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 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.

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

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

TTF Gas fell to 34.42 EUR/MWh on July 15, 2025, down 2.91% from the previous day. Over the past month, TTF Gas's price has fallen 9.14%, but it is still 4.95% 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.

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.

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.

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.

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 July 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.

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.

Electricity prices for household consumers - bi-annual data (from 2007 onwards)

European Union Electricity Price: NH: Between 20000 & 69999 MwH: incl All Taxes & Levies: EU excl UK data was reported at 0.171 EUR/MWh in Dec 2024. This records an increase from the previous number of 0.169 EUR/MWh for Jun 2024. European Union Electricity Price: NH: Between 20000 & 69999 MwH: incl All Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.110 EUR/MWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.228 EUR/MWh in Dec 2022 and a record low of 0.084 EUR/MWh in Dec 2007. European Union Electricity Price: NH: Between 20000 & 69999 MwH: 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.

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: Between 5000 & 14999 KwH: incl All Taxes & Levies: EA data was reported at 0.279 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.285 EUR/kWh for Jun 2024. European Union Electricity Price: HC: Between 5000 & 14999 KwH: incl All Taxes & Levies: EA data is updated semiannually, averaging 0.209 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.296 EUR/kWh in Jun 2023 and a record low of 0.147 EUR/kWh in Dec 2007. European Union Electricity Price: HC: Between 5000 & 14999 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.

The Europe Renewable Energy Market size was valued at USD 120 Billion in 2024 and is projected to reach USD 225 Billion by 2032, growing at a CAGR of 8.1% from 2025 to 2032.

Strong Government Support and Policy Framework: The European Union’s Green Deal and Renewable Energy Directive (RED II) aim to increase renewable energy’s share in the EU’s total energy consumption to 32% by 2030. Renewable energy accounted for 22% of total EU energy consumption in 2020.

Technological Advancements and Cost Reduction: Renewable energy generation, particularly wind and solar power, has seen significant cost reductions over the past decade. Since 2010, solar photovoltaics and onshore wind electricity costs have dropped by 82% and 39%, respectively, according to the International Renewable Energy Agency (IRENA). This makes renewable energy more competitive with traditional fossil fuels, making it easier for European countries to transition to cleaner energy sources.