Electricity prices in Italy fell to €120 per megawatt hour in early November, hovering at levels not seen since August of 2021 as success in diversifying energy sources and reduced consumption due to mild weather erased concerns of a shortage ahead of the winter. European natural gas prices declined sharply in October as full storages and increased LNG imports offset the halt in gas flows through the Nord Stream I pipeline. Electricity prices also fell due to EU measures to lower soaring electricity bills, including joint gas purchases to prevent member-states from outbidding each other and a mandatory cut in electricity consumption during peak hours. Since Russia’s invasion of Ukraine started, Rome has also struck new deals with Algeria and Angola to boost natural gas imports from Africa, reducing their vulnerability to the lack of supply from Russia. Previous shortage concerns lifted Italian electricity prices to a record-high of €650 at the end of August.

Electricity Price in Italy averaged 79.65 EUR/MWh from 2004 until 2022, reaching an all time high of 737.43 EUR/MWh in August of 2022 and a record low of 10.66 EUR/MWh in May of 2020. This page includes a chart with historical data for Italy Electricity Price. Italy Electricity Price - data, forecasts, historical chart - was last updated on November of 2022.

Electricity Price in Italy is expected to be 116.61 EUR/MWh by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Electricity Price is projected to trend around 55.18 EUR/MWh in 2023 and 40.91 EUR/MWh in 2024, according to our econometric models.

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Italy Electricity Price

Price Day Month Year
UK Electricity 298.72 -6.22 -2.04% 31.56% 23.28%
Germany Electricity 239.17 -18.76 -7.27% 91.81% 17.88%
France Electricity 428.00 5.50 1.30% -14.40% 162.09%
Spain Electricity 141.39 3.65 2.65% 30.17% -37.88%
Italy Electricity 295.50 -8.43 -2.77% 128.36% 15.25%

Italy Electricity Price
Electricity prices displayed in Trading Economics are current spot benchmarks offered by sellers to buyers priced in megawatts per hour (MWh) in the local currency. Our electricity prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
295.50 303.93 737.43 10.66 2004 - 2022 EUR/MWh Daily