Viral ‘average energy cost’ Europe price list is not what it seems - Full Fact

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Viral ‘average energy cost’ Europe price list is not what it seems - Full Fact
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A viral list says “average energy prices” are €558 in Germany, €650 in France and £2,585 in the UK. These were the electricity wholesale prices for a single hour in December 2022, so aren't an accurate representation of average household energy costs.

We put the data to Epox Spot and asked them what date it came from . A spokesperson said the data corresponded to day-ahead prices per megawatt hour of electricity, for delivery on 12 December 2022, specifically for hour 19 , and gave us the data that appears to back this up.

These prices are not what consumers pay for energy, or any type of average. They are how much electricity cost companies in those countries for delivery in the 19th hour on 12 December. These hourly prices vary throughout the day, and the £2,585 used for Great Britain was the peak. On average, electricity on that day cost £675 per MWh.

Some of the posts also include prices for Spain and Austria. We’ve not been able to find the source of these figures, but they do not appear to come from

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