In 2024, the European Electricity, Gas, Solid Fuels, and Heat Energy Harmonized Index of Consumer Prices (HICP) reveals that the Netherlands, Norway, and Belgium have the highest values, significantly surpassing the European average. This indicates elevated energy costs in these regions compared to others such as Malta and Kosovo, which show the lowest indices. Year-on-year, countries like the Netherlands and Estonia exhibit the most considerable increases, while Albania and Kosovo remain stable, reflecting minimal to no changes in energy pricing. Over the past five years, the compound annual growth rate suggests consistent upward trends across most European countries.
Future trends to watch include the potential impact of energy policy reforms, renewable energy integration, and geopolitical factors influencing energy supply. The push towards sustainable energy sources may alter pricing dynamics, potentially lowering costs in the long term. Monitoring regulatory changes and innovations in energy technology will be key in understanding the evolving landscape of energy prices in Europe.
Top countries in Electricity, Gas, Solid Fuels and Heat Energy HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 264.28 | 2022 | +113.99% | +22.43% | View data |
| 2 | 2 Norway | 259.9 | 2022 | +22.13% | +14.69% | View data |
| 3 | 3 Belgium | 237.49 | 2022 | +74.5% | +15.27% | View data |
| 4 | 4 Estonia | 224.51 | 2022 | +82.56% | +18.46% | View data |
| 5 | 5 Italy | 207.1 | 2022 | +86.07% | +16.19% | View data |
| 6 | 6 Lithuania | 178.4 | 2022 | +78.12% | +13.38% | View data |
| 7 | 7 Romania | 169.81 | 2022 | +29.77% | +11.05% | View data |
| 8 | 8 Ireland | 167.3 | 2022 | +44.72% | +11.73% | View data |
| 9 | 9 Sweden | 165.15 | 2022 | +29.27% | +9.1% | View data |
| 10 | 10 Latvia | 162.77 | 2022 | +56.33% | +11.43% | View data |
