In recent years, energy prices in Europe have been increasing significantly. The latest Eurostat data reveals a record high in electricity and gas prices for consumers in the second half of 2022.
Electricity prices in the European Union (EU) reached an all-time high of €0.28 per kWh, with consumers in Denmark, Belgium, and Ireland experiencing the highest prices.
Specifically, a medium-sized household in Denmark with an annual consumption of 2,500 to 5,000 kWh saw an average price of €0.59 per kWh in the second half of 2022.
When comparing electricity prices in the second half of 2022 to the same period in 2021, nearly all European countries experienced an increase in prices. The most significant increases were observed in the Czech Republic, Moldova, and Romania.
Gas prices in the EU also reached a record high in the second half of 2022, with an average price of €0.114 per kWh. Consumers in Sweden, Denmark, and the Netherlands faced the highest gas prices, with Sweden’s average price being more than double the EU27 average.
Similar to electricity prices, gas prices increased in almost all European countries when comparing the second half of 2022 to the same period in 2021. The largest increases were observed in the Czech Republic, Romania, and Latvia.
- Explore our dedicated data tracker on consumer energy prices in Europe
- For the source data visit Eurostat (electricity prices and natural gas prices).