After a significant increase in prices electricity and gas prices are stabilising

The price without taxes on electricity and natural gas is decreasing.

In the first half of 2023, average household electricity prices in the EU continued to show an increase compared with the same period in 2022, from €25.3 per 100 kWh to €28.9 per 100 kWh. Average gas prices also increased compared with the same period in 2022, from €8.6 per 100 kWh to €11.9 per 100 kWh in the first half of 2023. These prices are the highest recorded by Eurostat.

Electricity prices rose in 22 EU countries in the first half of 2023

In national currency, the largest increase (+953%) was reported in the Netherlands. Large increases in national currency were also registered in Lithuania (+88%), Romania (+77%) and Latvia (+74%).

Large decreases in national currency were registered in Spain (-41%), followed by Denmark (-16%). Smaller decreases were reported in Portugal (-6%), Malta (-3%) and Luxembourg with close to 0 (-0.4%).

Expressed in euro, average household electricity prices in the first half of 2023 were lowest in Bulgaria (€11.4 per 100 kWh), Hungary (€11.6), and Malta (€12.6) and highest in the Netherlands (€47.5), Belgium (€43.5), Romania (€42.0), and Germany (€41.3).

Gas prices rising in almost all EU members

Between the first half of 2022 and the first half of 2023, gas prices increased in 20 out of the 24 EU members that report gas prices.

Gas prices (in national currencies) surged the most in Latvia (+139%), Romania (+134%), Austria (+103%), the Netherlands (+99%) and Ireland (+73%). At the other end, were Estonia, Croatia and Italy which registered decreases between -0.6% and -0.5%, while in Lithuania the price remained unchanged.

Expressed in euro, average household gas prices in the first half of 2023 were lowest in Hungary (€3.4 per 100 kWh), Croatia (€4.1) and Slovakia (€5.7) and highest in the Netherlands (€24.8), Sweden (€21.9), and Denmark (€16.6).

https://ec.europa.eu/eurostat/web/products-eurostat-news/w/ddn-20231026-1