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.

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.

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.

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.

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.

Germany - Electricity prices: Non-household, medium size consumers was EUR0.20 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 Germany - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on December of 2025. Historically, Germany - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.20 Kilowatt-hour in December of 2024 and a record low of EUR0.08 Kilowatt-hour in December of 2017.

France - Electricity prices: Medium size households was EUR0.28 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: Medium size households - last updated from the EUROSTAT on December of 2025. Historically, France - Electricity prices: Medium size households reached a record high of EUR0.28 Kilowatt-hour in December of 2024 and a record low of EUR0.13 Kilowatt-hour in December of 2010.

The average wholesale electricity price in September 2025 in the United Kingdom is forecast to amount to*******British pounds per megawatt-hour, a decrease from the previous month. A record high was reached in August 2022 when day-ahead baseload contracts averaged ***** British pounds per megawatt-hour. Electricity price stabilization in Europe Electricity prices increased in 2024 compared to the previous year, when prices stabilized after the energy supply shortage. Price spikes were driven by the growing wholesale prices of natural gas and coal worldwide, which are among the main sources of power in the region.

… and in the United Kingdom? The United Kingdom was one of the countries with the highest electricity prices worldwide during the energy crisis. Since then, prices have been stabilizing, almost to pre-energy crisis levels. The use of nuclear, wind, and bioenergy for electricity generation has been increasing recently. The fuel types are an alternative to fossil fuels and are part of the country's power generation plans going into the future.

Poland - Electricity prices: Non-household, medium size consumers was EUR0.13 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 Poland - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on December of 2025. Historically, Poland - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.14 Kilowatt-hour in December of 2023 and a record low of EUR0.06 Kilowatt-hour in December of 2018.

Portugal - Electricity prices: Non-household, medium size consumers was EUR0.11 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 Portugal - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on December of 2025. Historically, Portugal - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.15 Kilowatt-hour in December of 2023 and a record low of EUR0.08 Kilowatt-hour in December of 2021.

Spain - Electricity prices: Non-household, medium size consumers was EUR0.12 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 Spain - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on December of 2025. Historically, Spain - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.18 Kilowatt-hour in December of 2022 and a record low of EUR0.08 Kilowatt-hour in December of 2020.

Netherlands - Electricity prices: Non-household, medium size consumers was EUR0.15 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 Netherlands - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on December of 2025. Historically, Netherlands - 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 EUR0.06 Kilowatt-hour in December of 2017.

Greece - Electricity prices: Medium size households was EUR0.22 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 Greece - Electricity prices: Medium size households - last updated from the EUROSTAT on December of 2025. Historically, Greece - Electricity prices: Medium size households reached a record high of EUR0.23 Kilowatt-hour in December of 2023 and a record low of EUR0.12 Kilowatt-hour in December of 2010.

Luxembourg - Electricity prices: Non-household, medium size consumers was EUR0.20 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 Luxembourg - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on November of 2025. Historically, Luxembourg - 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 2017.

Greece - Electricity prices: Non-household, medium size consumers was EUR0.13 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 Greece - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on December of 2025. Historically, Greece - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.28 Kilowatt-hour in December of 2022 and a record low of EUR0.08 Kilowatt-hour in December of 2018.

Italy - Electricity prices: Non-household, medium size consumers was EUR0.15 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 Italy - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on December of 2025. Historically, Italy - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.24 Kilowatt-hour in December of 2022 and a record low of EUR0.08 Kilowatt-hour in December of 2017.

Finland - 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 Finland - Electricity prices: Medium size households - last updated from the EUROSTAT on December of 2025. Historically, Finland - Electricity prices: Medium size households reached a record high of EUR0.29 Kilowatt-hour in December of 2024 and a record low of EUR0.13 Kilowatt-hour in December of 2010.

Belgium - Electricity prices: Medium size households was EUR0.34 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 Belgium - Electricity prices: Medium size households - last updated from the EUROSTAT on December of 2025. Historically, Belgium - Electricity prices: Medium size households reached a record high of EUR0.44 Kilowatt-hour in December of 2023 and a record low of EUR0.20 Kilowatt-hour in December of 2010.

Hungary - Electricity prices: Non-household, medium size consumers was EUR0.21 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 Hungary - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on November of 2025. Historically, Hungary - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.30 Kilowatt-hour in December of 2023 and a record low of EUR0.06 Kilowatt-hour in December of 2017.

Latvia - Electricity prices: Non-household, medium size consumers was EUR0.15 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 Latvia - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on November of 2025. Historically, Latvia - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.17 Kilowatt-hour in December of 2023 and a record low of EUR0.08 Kilowatt-hour in December of 2018.