Market development

Energy economy

Electricity prices for household consumers in Europe

Household electricity prices in Europe (annual electricity consumption: 2,500 – 5,000 kWh) were between 9.6 and 29.4 cents/kWh in the second half of 2019.

The average electricity price within the EU was 21.6 cents/kWh.

Global electricity production by generation type

The graph shows that renewable energies will dominate global electricity production in the future. By 2050, the share of photovoltaics is expected to increase to around 33% of total generation.

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