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Germany has the most expensive electricity prices in Europe, with an average price of 39,51 Cents/kWh. This puts electricity prices in Germany 80% above the European average. The cheapest electricity is in Turkey, where the average price is only 4,88 cents per kWh. Ireland has an average electricity price of 37,36 cents per kWh.
Electricity Prices in Europe Map by Country
The cheapest electricity in Europe is found in Turkey (4,88 Cents/kWh), Ukraine (5,8 Cents/kWh) and Georgia (7,1 Cents/kWh). Within the EU, the countries with the lowest electricity prices are Hungary (10,94 Cents/kWh), Malta (12,98 Cents/kWh) and Bulgaria (13,2 Cents/kWh).
By contrast, Denmark (37,08 Cents/kWh), Ireland (37,36 Cents/kWh) and Germany (39,51 Cents/kWh) have the highest prices.
The lowest electricity prices worldwide are found in Turkmenistan at 0,66 cents per kWh.
| Country | Price per kWh | Number of electricity suppliers |
|---|---|---|
| Turkey | 4,88 Cents/kWh | 21 suppliers |
| Ukraine | 5,8 Cents/kWh | 39 suppliers |
| Georgia | 7,1 Cents/kWh | 2 suppliers |
| Belarus | 7,1 Cents/kWh | Belenergo |
| Russia | 7,6 Cents/kWh | 1300 suppliers |
| Bosnia & Herzegovina | 8 Cents/kWh | EPBiH |
| Iceland | 8 Cents/kWh | 6 suppliers |
| Albania | 8,6 Cents/kWh | KESH |
| North Macedonia | 9 Cents/kWh | EVN |
| Armenia | 10,1 Cents/kWh | ENA |
| Hungary | 10,94 Cents/kWh | 6 suppliers |
| Serbia | 12 Cents/kWh | EPS |
| Malta | 12,98 Cents/kWh | Enemalta |
| Bulgaria | 13,2 Cents/kWh | 4 suppliers |
| Croatia | 15 Cents/kWh | HEP |
| Global average | 15 Cents/kWh | |
| Romania | 18,83 Cents/kWh | 51 suppliers |
| Slovakia | 19,3 Cents/kWh | 3 suppliers |
| Norway | 19,93 Cents/kWh | 129 suppliers |
| France | 20,16 Cents/kWh | 114 suppliers |
| European average | 20,7 Cents/kWh | |
| Moldova | 21 Cents/kWh | 2 suppliers |
| Luxembourg | 21 Cents/kWh | 5 suppliers |
| Poland | 21,5 Cents/kWh | 184 suppliers |
| Slovenia | 21,7 Cents/kWh | ELES |
| Greece | 21,73 Cents/kWh | Hellenic Electricity Distribution Network Operator |
| EU average | 23,7 Cents/kWh | |
| Lithuania | 24 Cents/kWh | 6 suppliers |
| Portugal | 24,26 Cents/kWh | 13 suppliers |
| Sweden | 24,34 Cents/kWh | 170 suppliers |
| Spain | 24,36 Cents/kWh | 333 suppliers |
| Finland | 24,65 Cents/kWh | 77 suppliers |
| Estonia | 25,3 Cents/kWh | 27 suppliers |
| Latvia | 25,46 Cents/kWh | 11 suppliers |
| Netherlands | 26,95 Cents/kWh | 6 suppliers |
| Austria | 29 Cents/kWh | 114 suppliers |
| Switzerland | 29 Cents/kWh | 600 suppliers |
| Liechtenstein | 29 Cents/kWh | LKW |
| United Kingdom | 32 Cents/kWh | Multiples suppliers |
| Cyprus | 32,41 Cents/kWh | EAC |
| Italy | 32,74 Cents/kWh | 140 suppliers |
| Czechia | 33,81 Cents/kWh | 3 suppliers |
| Belgium | 34,8 Cents/kWh | 7 suppliers |
| Denmark | 37,08 Cents/kWh | Multiple suppliers |
| Ireland | 37,36 Cents/kWh | ESB Networks |
| Germany | 39,51 Cents/kWh | 940 suppliers |
Data collected by Selectra based on Eurostat and local experts. Updated bi-annually.
Europe includes 43 countries, such as Russia, while the EU includes 26. The average kWh price in the EU is 23,7 Cents, while across Europe it is 20,7 Cents per kWh. This is mainly due to the higher standard of living and lack of oil reserves in the EU.
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The spot price is the price for electricity on the market on a given day. All countries that are members of ENTSO-E and have interconnected grids determine the spot price for the next day at the power exchange. However, this price has nothing to do with what consumers ultimately pay:
However, in Ireland, the spot price is used to calculate consumer prices for dynamic tariffs, which every electricity supplier will be required to from 2026.
Spot price on 15. July 2025
Europe is the continent with the highest electricity prices in the world, with an average price of 20,7 Cents per kWh, or even 23,7 Cents per kWh when only comparing EU countries. This is far above the global average of 15 Cents per kWh.
Electricity prices in Europe are consistently higher than in countries like the US, primarily due to dependency on imported fossil fuels, especially natural gas. According to a study by Bruegel, wholesale gas prices in Europe in 2024 were about five times higher than in the US.
This difference is exacerbated by the fact that Europe lacks large-scale domestic energy resources, unlike the US, which benefits from vast shale gas reserves and has become the largest exporter of liquefied natural gas (LNG).
High energy costs in Europe also stem from the costs of energy supply, taxes, levies, and fixed costs for renewable energy as well as maintenance of infrastructure. These costs are passed on to consumers. In comparison, economies like the US benefit from lower production costs due to local fossil fuels, reducing their electricity prices, especially for industry.
The transition to a carbon-free economy could influence the situation in Europe. In the short term, reducing dependence on imported fossil fuels could lower prices, though not before 2025 due to the additional costs associated with importing LNG.
In the long term, increasing the share of renewables and investments in infrastructure necessary to integrate them into the European system could lower costs. However, these savings must offset massive investments in renewable technology and infrastructure, which are likely to increase fixed costs, especially for solar and wind.
The data in this article comes from Selectra and is collected from national providers, Eurostat, or ENTSOE. Spot prices are updated daily, while national prices are revised every six months.
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