In the second half of 2022, electricity prices in the EU reached a record high of €0.28 per kWh, according to the latest Eurostat data.
Consumers in Denmark, Belgium, and Ireland faced the highest electricity prices in the second half of 2022. In Denmark, a medium-sized household with an annual consumption between 2,500 kWh and 5,000 kWh saw an average price of €0.59 per kWh.
Electricity prices for consumers increased in almost all European countries in the second half of 2022 compared to the same period in 2021. The largest increases (including taxes) occurred in the Czech Republic, Moldova, and Romania.
A more detailed breakdown of electricity prices for different consumer groups shows that Denmark has some of the highest prices in all categories.
There is significant variation in the impact of taxes and levies on electricity prices for consumers. While Denmark has the highest prices when taxes are included, it ranks fourth highest when taxes and levies are excluded. The Netherlands has the sixth highest electricity price when taxes and levies are excluded, but one of the lowest price when taxes and levies are included, due to subsidies given to households.
Price levels differ greatly between European countries. The following visualizations display electricity prices measured in Eurostat’s purchasing power standard (PPS). The PPS is calculated so that one unit of PPS buys the same amount of goods and services in each country, adjusting for differences in price levels. When electricity prices are measured in PPS, they are highest in Romania, followed by the Czech Republic and Denmark.
Gas prices reach record highs
In the second half of 2022, the average gas price for EU consumers also reached a new record level of €0.114 per kWh, according to the latest Eurostat data.
Currently, consumers in Sweden, Denmark, and the Netherlands face the highest gas prices. In Sweden, a medium-sized household with an annual consumption between 20 and 200 Gigajoules saw an average price of €0.28 per kWh, more than double the EU27 average.
In the second half of 2022, gas prices for consumers increased in almost all European countries compared to the same period in 2021. The largest increases (including taxes) were observed in the Czech Republic, Romania and Lativa.
Sweden had the highest prices across all consumer groups. For consumers with an average consumption of less than 20 Gigajoules, gas prices in Sweden (€0.47) were more than triple the EU27 average (€0.15).
Compared to electricity prices, the impact of taxes and levies on gas prices is smaller than for electricity.
When adjusting for price level differences between countries, gas prices (in PPS) are highest in North Macedonia, followed by Sweden, Bulgaria, and Estonia.
About the data
The data presented on this page is based on Eurostat’s electricity price statistics and natural gas price statistics. Data is published twice annually by Eurostat.
Changelog
- First release December 2022, with Eurostat data covering the first half of 2022.
- Updated in April 2023 with new data from Eurostat covering the second half of 2022.