Europe City Electricity & Gas Pricing: Cheapest to Most Expensive (Jan 2026)

As of January 1, 2026, residential electricity and gas prices vary widely across Europe, with significant implications for household budgets. In euro terms, Kyiv leads as the cheapest city for electricity at 8.8 c€/kWh, while Bern is the most expensive at 38.5 c€/kWh; the EU average is 25.8 c€/kWh. Capitals such as Berlin, Brussels, Dublin, London, and Prague exceed the average. In PPS, Bucharest is the most expensive for electricity (28.5) and Stockholm the cheapest (3.6). For natural gas, Kyiv is the cheapest at 1.6 c€/kWh, and Stockholm the most expensive at 35.0 c€/kWh; the EU average is 10.6 c€/kWh. Stockholm’s prices are over 13 times higher than Budapest’s 2.6 c€/kWh. In PPS, Stockholm remains the most expensive for gas. Differences are driven by energy mix, procurement and pricing strategies, taxes, distribution costs, weather, storage, and market interconnections. Purchasing power adjustments significantly alter rankings, showing lower-income households bear a heavier burden in many Western and Northern capitals when adjusted for living costs.