European electricity prices for agriculture in 2024 vary significantly across countries. Estonia has the highest price index, followed by Denmark and Slovakia, while Malta has the lowest. In 2023, notable year-on-year price index increases were observed, especially in the Netherlands, Denmark, and Lithuania. Over the last five years, the Compound Annual Growth Rate (CAGR) of the index highlights diverging trends, with Eastern European countries witnessing sharper increases compared to Western European counterparts. Market volatility, regulatory changes, and energy source diversification significantly influence these dynamics.
Looking forward, future European agricultural electricity price trends will be shaped by several key factors:
- The transition to renewable energy sources and its impact on production costs.
- Regulatory shifts towards carbon-neutral policies that might affect energy pricing structures.
- Market responses to geopolitical developments and economic policies among EU member states.
- Technological advancements enhancing energy efficiency in agriculture.
Top countries in Electricity Price Index for Agriculture by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 293.6 | 2022 | +97.84% | +36.79% | View data |
| 2 | 2 Denmark | 285.65 | 2022 | +99.7% | +40.21% | View data |
| 3 | 3 Slovakia | 275.5 | 2022 | +98.63% | +31.99% | View data |
| 4 | 4 Italy | 256.3 | 2022 | +110.43% | +31.35% | View data |
| 5 | 5 Hungary | 245.8 | 2022 | +100.82% | +30.38% | View data |
| 6 | 6 Netherlands | 241 | 2022 | +79.45% | +41.2% | View data |
| 7 | 7 Lithuania | 227.36 | 2022 | +112.09% | +38.45% | View data |
| 8 | 8 Latvia | 223.64 | 2022 | +110.05% | +33.53% | View data |
| 9 | 9 Greece | 220.87 | 2022 | +90.13% | +28.84% | View data |
| 10 | 10 Romania | 214.99 | 2022 | +53.2% | +24.26% | View data |
