Electricity prices in Germany were close to the €200/MWh level after falling below €10 in mid-January, buoyed by stronger demand and lower wind power generation. Meanwhile, Germany plans to spend €14.5 billion to finance its electricity price cap until May. The country will set household prices at 40 cents per kWh for 80% of actual consumption. Still, prices remain well below their December peak of €450/MWh, in tandem with a sharp decline in natural gas prices, and as electricity consumption decreased because of high energy costs and warmer-than-usual temperatures.
Electricity Price in Germany averaged 51.89 EUR/MWh from 2000 until 2022, reaching an all time high of 699.44 EUR/MWh in August of 2022 and a record low of -56.87 EUR/MWh in December of 2012. This page includes a chart with historical data for Germany Electricity Price. Germany Electricity Price - data, forecasts, historical chart - was last updated on February of 2023.
Electricity Price in Germany is expected to be 81.26 EUR/MWh by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Electricity Price is projected to trend around 1.45 EUR/MWh in 2024 and 0.29 EUR/MWh in 2025, according to our econometric models.