Fuel prices have risen since the recent Middle East crisis. Gasoline and diesel consumer prices have increased significantly in many European countries on average.
However, while this was not the case in household electricity prices, natural gas prices saw moderate increases compared to fuel.
Ioannis Korras**, senior energy market analyst at VaasaETT’, told Euronews Business’: “The ongoing geopolitical tension in the Middle East’ is basically a fuel supply shock. As a result, the direct impact on European gas supply and thus retail gas prices is more pronounced compared to electricity markets.”
So how have household energy prices changed after the US-Israeli ’ joint attack on Iran’a and Tehran’'s reaction in late February? Which countries saw the highest increase in household electricity and gas prices in European capitals?
Household Energy Price Index, compiled by Energie-Control Austria, MEKH and VaasaETTAccording to the ’ (HEPI), residential end-user electricity prices averaged in EU capitals between 2 February 2026 and 1 April 2026. %It's down 3.1.
During this period, it fell from €26.13 cents per kWh to €25.31 c€/kWh’.
Highest drop %With 19, Estonia, the capital of ’, Tallinn, was seen in ’. %Copenhagen by 15.9, .2 in Stockholm and %Ljubljana followed with 15.
the Helsinki (Hilkiel,9), Riga (,6) and Madrid (.9 is also He saw declines above ’.
Korras noted that spring typically represents a transition period characterized by increased renewable energy generation and relatively moderate demand, coming after the heating season in winter and before the peak period of cooling demand in summer.
This seasonal dynamic allows markets such as Scandinavian countries and Iberia to benefit from price cuts, effectively demonstrating some degree of decoupling from fuel-induced price pressures, “ said.
There are cases when government interventions such as Spain, Great Britain and Cyprus mitigate the impact on households through financial measures, including energy tax or VAT reductions.
The biggest increase %Rome recorded with 7.9. Increase in Dublin (%5,7), Lisbon (disambiguation)%5,4) and Athens’da (%3 and 3) %It took place over 3’.
Household electricity prices have not changed or seen very small changes in many European capitals.
Korra emphasized that in markets where gas-fired production has a higher share, especially in markets where gas often sets marginal electricity prices (e.g. Italy, Ireland and Greece), there tends to be stronger increases in wholesale electricity prices, followed by end-user bills.
Changes in Gasoline Prices
Home end-user gas prices in EU capitals during this period %6.8 c€/kWh’den increased by 10.67 c€/kWh’ye increased by 11.40 c€/kWhye.
Apart from a few cities, there have been significant increases in end-user gas prices in residences. the Brussels (Brussels,8) from Berlin (.6) and Athens (,3) %It recorded an increase of over 20’.
Increase also Vienna (.9) from Amsterdam (,8) and Roma’da (,9) %Exceeded 10’.
Increases in gasoline prices Bucharest (%8,9), Riga (%8.7) from London (%8,6), from Paris (%7,9) and Tallinn’de (%7.2) was above the EU average.
In contrast, Madrid %He saw the biggest drop with 7.9, making him Ljubljana (%4) and Warsaw (%3.5) was followed.
Korras, “In April, the difference between the price movements of electricity and gas, differences in the fuel mix in European markets, and a remarkable ‘ resulting from government intervention reveal the structural dissociation of ’, ” said.
“Gas prices were mainly affected by global supply constraints and geopolitical risks, while electricity markets were also affected by local production trends and policies.”
Who pays the most for energy after the Iran crisis?
As of early April, household electricity prices vary widely between European capitals. The households of Bern (39.1 euros), Brussels (39 euros), Dublin (38.5 euros), Berlin (38.4 euros), Prague (36.3 euros) and London (35.8 euros) pay nominally the highest per kWh.
The average of EU capitals is 25.3 euros. Kiev (c€8.5), Budapest (c€9.6), Podgorica (c€11.3) and Belgrade (c€11.6) offer the cheapest electricity for households.
Paris’te is 27.2 euros and Madrid’ is 21.9 euros.
The difference in fuel prices between the capitals is also nominally remarkable. In Kiev’, it ranges from 1.6 euros to 35.8 euros in Stockholm’, while the EU average is 11.4 euros.
SwedenThe capital of ’ is followed by Amsterdam (c€20.3), Bern (c€15.7), Vienna (c€15.1), Rome (c€14.9) and Lisbon (c€14.1) at the summit.
After ’, Budapest (c€2.7), Belgrade (c€4,6) and Zagreb (c€4,6) offer the cheapest gas for residents.
In addition to Rome’ya, Paris (c€13.8) and Berlin (c€13.2) are above the EU average, while London (c€8.7) and Madrid (c€8.6) are below.
The share of taxes and delivery costs varies significantly by country, and governments may change this depending on the circumstances.
