On the eve of winter wholesale gas prices in Europe are approaching their highest levels in several years, while stocks in European storage facilities remain low. At the start of September 2026 a comparison of prices in capitals revealed large disparities between cities, with Kyiv among those with the lowest figures.
Electricity prices — from Kyiv to Brussels
At the start of September 2026 household electricity prices including taxes ranged from 8,4 eurocents per kW·h in Kyiv to 41,3 eurocents in Brussels. The average among EU capitals stood at 27,2 eurocents per kW·h.
The ranking also listed Rome — 36,6 eurocents, Vienna — 34,4 and Prague — 34,3. After Kyiv, the lowest prices were recorded in Budapest — 10,3, Podgorica — 11,3, Belgrade — 11,6 and Valletta — 12,3. Madrid and Paris registered 28,3 and 28,1 eurocents respectively, both above the EU capitals’ average.
Ranking adjusted for purchasing power (Purchasing Power Standard, PPS)
After adjusting for differences in the cost of living using the Purchasing Power Standard (PPS) the ranking of electricity prices changed: the most expensive capital was Bucharest with a value of 55,1, and the cheapest was Oslo with 11,5.
Among the capitals of the five largest European economies the highest purchasing-power-adjusted value was recorded in Rome — 38,2, and the lowest in Paris — 25,8. Berlin has 35,5, Madrid — 31,6, and London — 30,9; the EU average on this measure is 29,6.
Gas prices — from Kyiv to Stockholm
Household natural gas prices including taxes ranged from 1,5 eurocents per kW·h in Kyiv to 34,8 eurocents in Stockholm. The Swedish capital far outpaced other cities for the cost of gas; Amsterdam was second with 21,2 eurocents. The average among EU capitals was 11,9 eurocents.
Among the capitals of the five largest economies the most expensive gas was recorded in Paris — 15,7, in Rome — 15,2 and in Berlin — 12,5, all three above the EU capitals’ average. The cheapest among these five were Madrid 10,1 and London 10,3 eurocents per kW·h.
Differences between electricity and gas prices across capitals
The ratio of electricity to gas prices varies significantly between cities. For example, in Stockholm and Amsterdam electricity is relatively cheap or in the mid-range, while gas is among the most expensive compared with other capitals.
The opposite picture is seen in Bucharest, Brussels and London: there electricity ranks among the most expensive, while gas is relatively cheap.
Price changes in 2026
Between February and September 2026 electricity rose the most in Lisbon — by 22%. Next were Amsterdam with an increase of 17,3%, Madrid 15,1% and Rome 14,9%. By contrast, prices fell in Luxembourg by 15,3%, in Tallinn by 7,9% and in Helsinki by 7,1%.
On the gas market over the same period the most notable increase occurred in Tallinn — by 59,2%, from 7,8 to 12,4 eurocents per kW·h.
