Prices for non-residential consumers in the EU remain stable in the second half of 2024

In the second half of 2024, electricity prices for non-domestic consumers in the EU as a whole remain stable, with more countries seeing price decreases than increases. On average, prices excluding VAT remain relatively stable at €18.99 per kWh, with a slight increase (€18.67 in the first half of the year). Electricity prices in the second half of 2024 for average non-domestic consumers (with annual electricity consumption between 500 MWh and 2,000 MWh) are highest in Cyprus (€0.2578 per kWh) and Ireland (€0.2552 per kWh). At the opposite end of the scale, Finland (€0.0767 per kWh) and Sweden (€0.0853 per kWh) have the lowest prices. The average price in the EU in the second half of 2024 is €0.1899 per kWh.

The price excluding taxes, which includes the cost of energy, supply and the network, fluctuated slightly until 2021. After that, in the second half of 2021 and even more so in both halves of 2022, the price rose significantly, peaking at €0.1986 per kWh in the second half of 2022. Subsequently, in both halves of 2023 (€0.1936 per kWh in the first half and €0.1771 per kWh in the second half) and in the first half of 2024 (€0.1558 per kWh), the price declined. In the second half of 2024, prices excluding taxes will increase slightly for the first time since the peak, reaching €0.1597 per kWh.

The share of taxes will increase by 21.0 percentage points – from 13.8% in the first half of 2008 to 34.8% in the first half of 2020, before declining. By the first half of 2024, the share of taxes had fallen to 16.6%, and in the second half it declined further to 15.9%.

The total price for non-residential consumers, i.e. including non-recoverable taxes, reached 0.1899 euro per kWh, an increase of 1.7% compared to the first half of 2024.

Share of non-recoverable taxes and charges in electricity prices for non-residential consumers

In the second half of 2024, the share of taxes is highest in Poland and Italy, where non-recoverable taxes and charges account for 36.9% and 27.0% of the total price, respectively. In Bulgaria, the share of taxes in the second half of 2024 is negative (-21.4%) as a result of continued price support.

The share of taxes for the EU in the second half of 2024 is 15.9%, showing an increase compared to the second half of 2023 (11.8%), but a moderate decrease compared to the first half of 2024 (16.6%).

Price changes for non-residential consumers

Price increases for non-residential consumers were reported in only six Member States, with the highest increases in Portugal (14.7%), the Czech Republic (11.8%) and Denmark (9.8%), while the largest decreases were recorded in Austria (-18.8%), France (-16.3%) and Belgium (-16.1%).