Electricity prices in Italy hovered around €150/MWh, falling significantly from last year's peaks, dragged by declines in natural gas prices and prospects of lower demand. At the same time, the country, highly vulnerable to shocks in the energy market due to its reliance on imports for three-quarters of the power consumption, allocated more than €21 billion of the 2023 budget to help households and businesses struggling with high energy costs. In April, the European Commission has approved a €450 million Italian scheme to support the production of renewable hydrogen with the aim to completely wean itself off Russian gas and turn the country into an energy hub for the bloc. Italy recorded a record-breaking surge in energy prices last year, with electricity costs reaching a peak of €737.43/MWh in August 2022 in the aftermath of Russia's invasion of Ukraine.

Historically, the Italy Electricity Price reached an all time high of 737.43 in August of 2022. This page includes a chart with historical data for Italy Electricity Price. Italy Electricity Price - data, forecasts, historical chart - was last updated on June of 2023.

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Italy Electricity Price

Price Day Month Year
UK Electricity 69.20 -6.41 -8.48% -24.17% -57.97%
Germany Electricity 56.37 -24.65 -30.42% -42.18% -65.31%
France Electricity 153.00 -0.67 -0.44% -22.34% -51.14%
Spain Electricity 95.80 0 0% -11.21% -55.39%
Italy Electricity 95.50 2.53 2.72% -22.97% -55.27%

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
92.61 101.54 737.43 10.66 2004 - 2023 EUR/MWh Daily