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Saturday, October 31, 2026

EU household gas prices fall to post 2022 low

Commodities Saturday, October 31, 2026 - Updated Oct 31, 2026 07:10

Average EU household gas prices fell to 0.11 euros per kilowatt hour in the first half of 2026, down 10.2 percent from the second half of 2025, the lowest average recorded after the first half of 2022, Eurostat reported.

Why it matters: The first half data describe the market before the current Hormuz escalation, and they are the baseline the winter will be measured against: household gas had normalised to pre crisis seasonal patterns just as wholesale TTF moved back above 100 euros per megawatt hour this week.

Data as of Eurostat release of October 30, 2026, read in full; data for the first half of 2026, source dataset nrg_pc_202. Primary source: Eurostat itself. The TTF comparison is OilPrice.com reporting of October 30, 2026, carried in today's Brent story.

In the first half of 2026, average gas prices for EU households fell to 0.11 euros per kilowatt hour, Eurostat reported on Friday. Prices decreased by 10.2 percent compared with the second semester of 2025 and by 3.5 percent compared with the first semester of 2025. This is the lowest average price of gas in the EU recorded after the first semester of 2022, and seasonal fluctuations resumed the pattern that was visible before the 2022 energy crisis.

Among the EU countries with available data, Sweden recorded the highest household gas prices at 0.22 euros per kilowatt hour, followed by the Netherlands at 0.16 euros and France and Portugal at 0.13 euros each. The lowest prices were in Hungary at 0.03 euros per kilowatt hour, Croatia at 0.05 euros, and Romania and Slovakia at 0.06 euros each.

Compared with the same period of 2025 and measured in national currencies, prices decreased in 12 countries with available data, increased in 7, and remained broadly stable in 4. The largest decreases were in Bulgaria, down 14.5 percent, Greece, down 11.3 percent, and Spain, down 10.0 percent, while the largest increases were in Romania, up 9.3 percent, Croatia, up 8.9 percent, and Slovakia, up 6.6 percent.

Expressed in purchasing power standards, the highest prices were observed in Sweden at 17.7 per 100 kilowatt hours, Portugal at 15.0 and the Netherlands at 13.8. The lowest on that basis were in Hungary at 4.3, Luxembourg at 6.6 and Croatia at 6.8.

Sources

  1. Eurostat: EU household gas prices decrease in first half of 2026 - Eurostat - 2026-10-30