It was projected that the annual average wholesale electricity price in the United States would range between 29 and 55 dollars per megawatt-hour in 2025. The Northwest price area will account for the highest electricity price, while prices will be lower in ERCOT (Electric Reliable Council of Texas).

The average wholesale electricity price for the month of October in Czechia stood at 89.16 euros per megawatt-hour. In August 2022, the country recorded a peak in electricity prices of 477 euros per megawatt-hour.

Germany's electricity prices have experienced an increase in the latter half of 2024 and the beginning of 2025, reaching an average of 140.42 euros per megawatt-hour in February 2025. This marks a notable decrease from the record high of over 469 euros per megawatt-hour in August 2022, yet remains above pre-pandemic levels. The ongoing volatility in energy prices continues to impact German households and businesses, reflecting broader trends across Europe's energy landscape. Electricity price recovery German electricity prices began recovering back to pre-energy crisis levels in 2024, a period driven by a complex interplay of factors, including increased heating demand, reduced wind power generation, and water scarcity affecting hydropower production. The rise in natural gas and coal prices, exacerbated by the economic recovery post-COVID-19 and the Ukraine conflict, further contributed to the spike. Despite Germany's progress in renewable energy sources, with over 50 percent of gross electricity generated from renewable sources in 2023, the country still relies heavily on fossil fuels. Coal and natural gas accounted for approximately 40 percent of the energy mix, making Germany vulnerable to fluctuations in global fuel prices. Impact on consumers and future outlook The volatility in electricity prices has directly impacted German consumers. As of April 1, 2024, households with basic supplier contracts were paying around 46 cents per kilowatt-hour, making it the most expensive option compared to other providers or special contracts. The breakdown of household electricity prices in 2023 showed that supply and margin, along with energy procurement, constituted the largest controllable components, amounting to 40.6 and 11.6 euro cents per kilowatt-hour, respectively. While prices have decreased since the 2022 peak, they remain higher than pre-crisis levels, underscoring the ongoing challenges in Germany's energy sector as it continues its transition towards renewable sources.

In February 2025, electricity prices in the United Kingdom amounted to 143.37 British pounds per megawatt-hour, an increase on the previous month. A record high was reached in August 2022 when day-ahead baseload contracts averaged 363.7 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.

In February 2025, the average wholesale electricity price in France amounted to 126.63 euros per megawatt-hour, an increase on the previous month. The electricity price was more than twice as high compared to the same period the previous year.

The average wholesale electricity price in Spain amounted to 119.03 euros per megawatt-hour in February 2025, an increase compared to the previous month. The electricity price was lower compared to the same period in the previous year. Non-household and household electricity prices in Spain Average annual electricity prices in Spain have not yet fallen back to between 40 and 65 euros per megawatt-hour, the average electricity price before the impact of the energy supply shortage in 2021. Household electricity prices in Spain average 99.6 euro cents per kilowatt-hour in 2023. Similarly, non-household electricity prices have not yet fully recovered to pre-energy supply shortage levels, averaging 12.17 euro cents per kilowatt-hour in 2024. Spanish electricity market The Spanish electricity market consists of two sectors: a regulated sector and a liberalized sector. Both sectors are dominated by two utility companies, Endesa and Iberdrola. The companies possessed a combined market share of 75 percent within the regulated market in the year 2023, whereas their combined share of the liberalized market amounted to 64 percent that same year.

During the observed period, electricity prices in the wholesale market more than doubled for some countries in Central and Eastern Europe (CEE). In February 2025, the highest electricity prices in the region were recorded in Poland, where one MWh cost over 137 euros. For comparison, in Latvia and Lithuania, the wholesale price of one MWh was nearly 122 euros.

In October 2024, the average wholesale electricity price in Romania amounted to 89.95 euros per megawatt-hour. In August 2022, wholesale electricity prices in Romania surpassed 490 euros per megawatt-hour.

The average wholesale electricity price in Norway stood at 28.32 euros per megawatt-hour in October 2024. The country's electricity prices reached a record high in August 2022, at 246 euros per megawatt-hour, the result of the global energy crisis and a drought that hit the country that summer.

In the observed period, weighted average monthly electricity prices on the day-ahead market in Poland increased from 163.95 zloty/MWh in January 2018 to over 500 zloty/MWh (117.77 EUR/MWh) in January 2025. The record weighted average price occurred in August 2022, exceeding 1,300 zloty. Consumption of electricity in Poland Electricity is essential to modern life and vital to every country’s economy. Starting from 1990, the final annual electricity consumption reached a value of 124.7 terawatt-hours. It eventually grew to 160 tWh in 2023, which happened to be a six percent decrease compared to the previous year. Consumption of solar photovoltaic power has become popular in recent years, but also the capacity of solar photovoltaic per inhabitant in Poland has significantly increased, rising from just 0.1 watts per inhabitant in 2013 to 464.1 W/inhab in 2023. In 2023, 18.5 million customers in Poland used electricity with consumption lower than 50 megawatt-hours. Electricity production from renewables Throughout the years, there have been different methods and sources of electricity production worldwide. Starting in 2012, the electricity production from solar photovoltaic power generated only 3.4 gigawatt-hours. In 2023, Poland's electricity production volume from solar photovoltaic power reached a peak of over 11 terawatt hours. Another source of electricity production was the wind. Where the production of electricity from wind steadily increased from five gigawatt-hours in 2000 to 23,234 gigawatt-hours in 2023. Biogas and biomass also play a significant role in the production of electricity. In 2012, electricity production from biogas and biomass was the highest at around 10,094 gigawatt-hours. However, in 2022, the production decreased, reaching 6,352 GWh.

The average wholesale electricity price in Italy amounted to 117 euros per megawatt-hour in October 2024. Prices peaked in August 2022 at 544 euros per megawatt-hour.

The price of electricity in Finland stood at 40.69 euros per megawatt-hour in October 2024. Prices reached a peak in August 2022, amounting to 262 euros per megawatt-hour.

In October 2024, the average wholesale electricity price in Hungary stood at 92.47 euros per megawatt-hour. Hungary's electricity prices peaked in August 2022, at around 495.7 euros per megawatt-hour.

In October 2024, the average wholesale electricity price in the Netherlands amounted to 87.8 euros per megawatt-hour, an increase from the previous month. Figures reached a record high of 447 euros per megawatt-hour in August 2022.

In October 2024, the average wholesale electricity price in Slovenia stood at 88.98 euros per megawatt-hour. Slovenia's electricity costs have stabilized since peaking at 494 euros per megawatt-hour in 2022.

The average wholesale electricity price in Ireland amounted to 123.59 euros per megawatt-hour in October 2024. During the period in consideration, figures reached a record high in March 2022, at over 293 euros per megawatt-hour. This was an increase of more than 302 percent compared to the same month a year prior.

The statistic gives the average wholesale electricity spot price in 2010, by selected U.S. region. Houston had an average wholesale electricity price of around 42 U.S. dollars per megawatt hour in 2010.

In October 2024, the average wholesale electricity price in Austria amounted to 85.82 euros per megawatt-hour, an increase on the previous month. In August 2022, Austria's electricity prices reached a record high, at around 489.5 euros per megawatt-hour.

The average wholesale electricity price in Portugal stood at 69.36 euros per megawatt-hour in October 2024, a decrease from the previous month. Wholesale electricity prices in Portugal peaked at over 283 euros per megawatt-hour in March 2022.

In October 2024, the average wholesale electricity price in Bulgaria amounted to some 89.6 euros per megawatt-hour, a decrease compared to the previous month. Electricity prices in the country grew steadily in 2021 and 2022, peaking at over 430 euros per megawatt-hour in August 2022.