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.

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.

Energy Prices In the Euro Area decreased to 143.35 points in May from 145.11 points in April of 2025. This dataset includes a chart with historical data for Euro Area Energy Prices.

European Electricity Real Price Index for Agriculture by Country, 2022 Discover more data with ReportLinker!

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.

European Union Electricity Price: HC: Total kWh: incl All Taxes & Levies: EA data was reported at 0.309 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.317 EUR/kWh for Jun 2024. European Union Electricity Price: HC: Total kWh: incl All Taxes & Levies: EA data is updated semiannually, averaging 0.307 EUR/kWh from Jun 2022 (Median) to Dec 2024, with 6 observations. The data reached an all-time high of 0.319 EUR/kWh in Jun 2023 and a record low of 0.262 EUR/kWh in Jun 2022. European Union Electricity Price: HC: Total 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.

European Union Electricity Price: Non-Household Consumers (NH): Total kWh: incl All Taxes & Levies: EU excl UK data was reported at 0.216 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.215 EUR/kWh for Jun 2024. European Union Electricity Price: Non-Household Consumers (NH): Total kWh: incl All Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.235 EUR/kWh from Dec 2022 (Median) to Dec 2024, with 5 observations. The data reached an all-time high of 0.253 EUR/kWh in Dec 2022 and a record low of 0.215 EUR/kWh in Jun 2024. European Union Electricity Price: Non-Household Consumers (NH): Total kWh: 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.

European Union Electricity Price: HC: Total kWh: excl Taxes & Levies: EA data was reported at 0.239 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.248 EUR/kWh for Jun 2024. European Union Electricity Price: HC: Total kWh: excl Taxes & Levies: EA data is updated semiannually, averaging 0.248 EUR/kWh from Jun 2022 (Median) to Dec 2024, with 6 observations. The data reached an all-time high of 0.267 EUR/kWh in Jun 2023 and a record low of 0.204 EUR/kWh in Jun 2022. European Union Electricity Price: HC: Total kWh: 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.P001: Eurostat: Electricity Price: Household Consumers.

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. According to the International Energy Agency (IEA), renewables accounted for 41.7% of electricity generation in Europe in 2022, up from 32.9% in 2017. 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 8.7% over the five years through 2025, reaching €2.8 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. Wholesale prices have since come-down as Europe has diversified its fuel mix away from Russian gas. Revenue is forecast to decline by 5.1% in the current year. Revenue is forecast to increase at a compound annual rate of 0.3% over the five years through 2030 to €2.9 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, though the electrification of heat and transport is set to spur an uptick in demand for electricity across the continent.

European Union Electricity Price: NH: Total kWh: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data was reported at 0.179 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.178 EUR/kWh for Jun 2024. European Union Electricity Price: NH: Total kWh: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.195 EUR/kWh from Dec 2022 (Median) to Dec 2024, with 5 observations. The data reached an all-time high of 0.215 EUR/kWh in Dec 2022 and a record low of 0.178 EUR/kWh in Jun 2024. European Union Electricity Price: NH: Total 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.P002: Eurostat: Electricity Price: Non-Household Consumers.

The electricity prices for household end users (including taxes, levies, and VAT) in the European Union increased by 0.01 euro cents per kWh (+12.5 percent) in the first half of 2022. Therefore, the electricity prices in the European Union reached a peak in the first half of 2022 with 0.09 euro cents per kWh.The prices include gas basic price, transmission, system services, meter rental, distribution and other services.Find more statistics on other topics about the European Union with key insights such as natural gas prices for household end users incl. tax.

European Union Electricity Price: NH: 150000 MwH & Above: incl All Taxes & Levies: EA data was reported at 0.138 EUR/MWh in Dec 2024. This records an increase from the previous number of 0.128 EUR/MWh for Jun 2024. European Union Electricity Price: NH: 150000 MwH & Above: incl All Taxes & Levies: EA data is updated semiannually, averaging 0.084 EUR/MWh from Dec 2007 (Median) to Dec 2024, with 35 observations. The data reached an all-time high of 0.237 EUR/MWh in Dec 2022 and a record low of 0.052 EUR/MWh in Dec 2007. European Union Electricity Price: NH: 150000 MwH & Above: 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.

In the second half of 2022, electricity prices in Denmark rose sharply. Household electricity prices in Denmark averaged 58.7 euro cents per kilowatt-hour for a consumption band between 2,500 and 5,000 kilowatt-hours and 60.95 euro cents per kilowatt-hour for a consumption band between 1,000 and 2,500 kilowatt-hours. However, prices were on a declining trend in 2023. Electricity prices in Europe Electricity consumers in the capital city of Denmark, Copenhagen, paid one of the highest value added taxes on electricity in Europe as of May 2023, amounting to 20 percent of the residential end-user price. However, the final residential electricity price in the Nordic country was considerably lower than in other European countries, such as Italy and Germany, where prices surpassed 0.4 U.S. dollars per kilowatt-hour in June 2023. Electricity sources in Denmark During the 2022 energy crisis, the growth in electricity prices in European countries was correlated with their dependence on fossil fuel imports. The dominance of wind power and bioenergy in Denmark's electricity production made the country less vulnerable to the instability of the global power market.

The average wholesale electricity price in July 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.

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.

European Union Electricity Price: NH: Total kWh: excl Taxes & Levies: EA data was reported at 0.158 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.158 EUR/kWh for Jun 2024. European Union Electricity Price: NH: Total kWh: excl Taxes & Levies: EA data is updated semiannually, averaging 0.182 EUR/kWh from Dec 2022 (Median) to Dec 2024, with 5 observations. The data reached an all-time high of 0.209 EUR/kWh in Dec 2022 and a record low of 0.158 EUR/kWh in Dec 2024. European Union Electricity Price: NH: Total kWh: 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.

Denmark - Electricity prices: Medium size households was EUR0.37 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 Denmark - Electricity prices: Medium size households - last updated from the EUROSTAT on July of 2025. Historically, Denmark - Electricity prices: Medium size households reached a record high of EUR0.46 Kilowatt-hour in December of 2022 and a record low of EUR0.27 Kilowatt-hour in December of 2010.