France energy prices | GlobalPetrolPrices.com (2024)

FAQs

What is the price of electricity in France today? ›

French electricity prices turned negative as a drop in demand and surging renewables output prompted some nuclear reactors to power down.

Energy prices in France remain lower than the EU average. Total energy consumption rose by 1% in 2023 after falling by 10% in 2022. The share of nuclear in the energy mix rebounded by 6 points in 2023 to 42%. Wind and solar capacities are expected to double by 2028.

France sources most of its electricity from nuclear power plants. In 2022, nuclear power accounted for almost two thirds of total electricity generation.

Iran. Iran has the cheapest electricity prices in the world at $0.002 per kWh. There are a number of factors that contribute to Iran's low electricity prices, including the country's abundance of natural gas and oil. Iran has the third-largest proved oil reserves and the second-largest natural gas reserves in the world ...

The lowest prices were observed in Hungary (€0.1132 per KWh), Bulgaria (€0.1192 per KWh) and Malta (€0.1279 per KWh). For German household consumers, the per KWh cost was 41 % above the EU average price, whereas households in Hungary, Bulgaria and Malta paid less than half the price than the EU average.

The electricity crisis of 2022

The situation regarding hydraulic reserves, which are very low due to the lack of rainfall, has exacerbated the problem, reducing French electricity production by a further 12 TWh in 2022. Chart 2: Average available power France's nuclear power fleet (in GW, over 7 sliding days).

With the average household in France consuming about 4770 kWh electricity (in French) in 2024, the average annual electricity cost in France ranged from 1057€ - 1723€, depending on the electricity provider and plan chosen. This works out to an average monthly power bill of about 108€ per month.

While most European countries spend a lower percentage of their salary than the UK does on their electricity bills, Norway, Serbia Switzerland, Slovenia, Republic of Ireland and France all pay 2% or less of their annual salary for their electricity, which is 3% less than is currently paid in the UK.

France aims for 34% renewable electricity by 2030, while the IEA's Net Zero Emissions scenario sets out a global target of 60% renewable electricity by 2030.

Is France self sufficient with energy? ›

Gas is the second most consumed grid energy in France. Currently, almost all other countries are importing it. In the future, given the potential sources of renewable gas that are available to us, by 2050 we can make France self-sufficient.

In order to respond to this crisis, France has been one of the first EU member states to implement a stringent “energy tariff shield”.

France's relatively low electricity prices stem from its heavy reliance on nuclear power, which provides stable, low-cost energy. Nuclear's high initial capital costs are offset by low operational expenses and fuel costs, resulting in competitive electricity prices.

Households in Germany on average paid 40.07 cents per kilowatt hour (kWh) in the second half of 2022, compared to 32.16 ct/kWh in the previous year.

The price hike is due to the reintroduction of tax that was suspended in 2022. Electricity bills are set to rise by 9.8% from February 1 as the government reintroduces a tax that was suspended from 2022 due to the energy crisis.