Belgium among the European countries where electricity is the most expensive

This is also the case for Germany, which dominates the ranking, where electricity costs 416.20 euros per MWh, a rate 69% higher than the European average. Ireland completes the podium with a cost of 374.60 euros per MWh.

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Expensive month in Hungary

At the other end of the spectrum, Hungary and Bulgaria stand out for having some of the lowest prices in Europe. In Hungary, the average price is 110.90 euros per MWh. In penultimate place, we find Bulgaria, with a cost of 119.40 euros per MWh.

Here is the full ranking:

Ranking by country Electricity price per MWh, in euros
1. Germany 416,20
2. Belgium 377,20
3. Ireland 374,60
4. Italy 361,90
5. Liechtenstein 355,70
6. Chypre 351,90
7. Denmark 307,60
8. Latvia 304.00
9. Czech Republic 303.90
10. Austria 288,50
11. Spain 255,20
12. 251,30
13. Greece 246,30
14. Portugal 239,50
15. Lithuania 231,30
16. Poland 229,10
17. Estonia 219,20
18. Netherlands 213,70
19. Slovenia 206,20
20. Finland 204,20
21. Slovakia 196,70
22. Luxembourg 190,90
23. Sweden 187,00
24. Romania 178,20
25. Croatia 154,30
26. Painted 147,10
27. Iceland 131,50
28. Norway 121,10
29. Bulgaria 119,40
30. Hungary 110,90

However, according to other statistics published by Eurostat, Belgium would be 5th in the ranking, if we take all taxes into account in the different countries.

Electricity prices for domestic consumers, first half of 2024. ©Eurostat
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