How much does electricity cost in Germany 2023?

A year before, on December 12, 2023, the electricity spot price in Germany was only €106 per MWh. Prices have risen similarly in Germany’s neighbours. In Austria, the price in the morning of December 12 was €360 per MWh, while in Belgium it was €277 and in Denmark €395.

How much does electricity cost in Germany?

Prices have risen similarly in Germany’s neighbours. In Austria, the price in the morning of December 12 was €360 per MWh, while in Belgium it was €277 and in Denmark €395. Sweden, divided into four market areas, saw prices reach €310 per MWh in the South, while in Northern Sweden it was only €7 per MWh – a stunning 97 per cent less.

How much does a kWh cost in Germany?

Data was collected from the suppliers operating in Germany on the prices for household customers as at 1 April 2024. There was a decrease in the average price (including VAT) to 41.59 ct/kWh (2023: 45.19 ct/kWh).

How much does wind power cost in Germany?

For onshore wind, the generation costs in Germany are currently around EUR 6 cents/kWh and for solar, around EUR 5 cents/kWh for ground-mounted projects, making them lower than any other power generation technology (see charts below). The same is true in many countries around the world.

What are the cheapest sources of electricity in Germany?

Wind and solar energy have become the cheapest sources of electricity in Germany, driven by supportive policies like Germany’s Renewable Energy Sources Act (EEG). What effect have renewables had on consumers’ electricity bills? Return to overview

Why are electricity prices so high in Germany?

Prices for electricity in central Europe have skyrocketed to record highs, as German renewable sources fell short of meeting demand. On the morning of December 12, average spot market prices in Germany reached €395 per megawatt-hour (MWh), with late afternoon prices climbing to almost €1,000. These levels marked previously unseen highs.