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.

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.

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

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.

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.

Ireland, Italy, and Germany had some of the highest household electricity prices worldwide, as of March 2025. At the time, Irish households were charged around 0.45 U.S. dollars per kilowatt-hour, while in Italy, the price stood at 0.43 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.

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

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.

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.

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.

European Union Electricity Price: NH: Between 20000 & 69999 MwH: incl All Taxes & Levies: EA data was reported at 0.169 EUR/MWh in Dec 2024. This records an increase from the previous number of 0.167 EUR/MWh for Jun 2024. European Union Electricity Price: NH: Between 20000 & 69999 MwH: incl All Taxes & Levies: EA data is updated semiannually, averaging 0.112 EUR/MWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.234 EUR/MWh in Dec 2022 and a record low of 0.086 EUR/MWh in Dec 2007. European Union Electricity Price: NH: Between 20000 & 69999 MwH: 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.P002: Eurostat: Electricity Price: Non-Household Consumers.

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.

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: NH: Less Than 20 MwH: excl Taxes & Levies: EA data was reported at 0.249 EUR/MWh in Dec 2024. This records a decrease from the previous number of 0.251 EUR/MWh for Jun 2024. European Union Electricity Price: NH: Less Than 20 MwH: excl Taxes & Levies: EA data is updated semiannually, averaging 0.147 EUR/MWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.291 EUR/MWh in Jun 2023 and a record low of 0.126 EUR/MWh in Jun 2008. European Union Electricity Price: NH: Less Than 20 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.

France - 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 France - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on July of 2025. Historically, France - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.25 Kilowatt-hour in December of 2023 and a record low of EUR0.07 Kilowatt-hour in December of 2010.

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