Germany Electricity Price - 2023 Data - 2018-2022 Historical - 2024 Forecast - Quote

Electricity prices in Germany hovered around €110/MWh, falling significantly from last year's peaks, helped by lower prices on the commodity markets and an expected decline in consumption due to the warmer weather. Government energy price brakes have also provided significant relief. Germany's government has announced support for electricity, gas, and heating prices for private households and companies in 2023, with the new measures taking effect at the beginning of the year. Meanwhile, a report from the comparison portal Verivox showed energy costs for private households dropped in the first quarter of 2023 for the first time in two years, with electricity and fuel decreasing by an average of 18%. Electricity prices in Europe's largest economy hit an all-time high of €700/MWh last August as the region met the worst energy crisis in decades and concerns about Russian gas supplies mounted. Historically, the Germany Electricity Price reached an all time high of 699.44 in August of 2022. This page includes a chart with historical data for Germany Electricity Price.