hit 100 euros per megawatt-hour on October 28, 2026, the highest level since 2022. Prices have more than tripled since the start of the year, driven by rising procurement costs following the outbreak of the war involving .
New gas contracts now cost households 320 euros more annually, while cheap electricity rates rose from 8.8 to 11.22 cents per kilowatt-hour. Energy costs surged 78.6 percent since 2019, far outpacing the 33.7 percent increase in .
The government is planning an to cap electricity prices as poverty risks grow. Budget measures and rising costs are expected to increase the poverty risk rate to 15.7 percent, impacting low-income households ahead of the 2027/28 cycle.