Electricity prices in Italy approached €400 per megawatt hour in December, rebounding by 250% since hitting the 15-month low of €110 on November 1st amid the upswing in European natural gas prices ahead of the winter. Expectations of a colder front and dependency on alternative sources due to the supply halt from Russia drove up natural gas prices for delivery in Italy, ramping up the cost of electricity distributors. Until the first half of 2022, natural gas was responsible for 56% of Italy’s electricity production. Still, demand for energy in households remained robust as Italy’s new right-wing government pledged €30 billion to support households with soaring energy costs, adding to the €75 billion in energy aid from the prior government and reducing people’s propensity to cut back on consumption. Previous shortage concerns due to the natural gas supply halt from Russia 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 December of 2022.

Electricity Price in Italy is expected to be 338.85 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 671.81 EUR/MWh in 2023 and 883.38 EUR/MWh in 2024, according to our econometric models.

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Italy Electricity Price

Price Day Month Year
UK Electricity 542.20 -5.54 -1.01% 65.68% 78.37%
Germany Electricity 281.92 -57.28 -16.89% 57.90% 43.65%
France Electricity 452.71 7.46 1.68% -6.66% 150.50%
Spain Electricity 127.62 -22.45 -14.96% 4.70% -43.57%
Italy Electricity 385.22 -3.42 -0.88% 189.81% 32.56%

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