Since 2021

Energy crisis

After the collapse of pipeline gas imports the EU rebuilt its supply around LNG and subsidies. Wholesale prices have cooled, but the structural premium over pre-2021 levels is still paid every month by households and by every factory that competes with US or Asian energy costs.

Accrued this year

€211,880,930,679

€7,827 /sec

Per citizen

€471.90

€550 per year

Per household

€1,075.54

€1,254 per year

Cost timeline

Modelled yearly cost across the EU, 2015–2026.

EU-wide

Figures are EU-wide and divided equally across 449 million residents.

Cost per worker by EU country

Model: EU-wide bill split by contribution key (GNI share; Netherlands 6.2%), divided by the labour force. Indicative.

Sweden: €1,539 per worker per yearSpain: €931 per worker per yearSlovakia: €672 per worker per yearSlovenia: €941 per worker per yearRomania: €574 per worker per yearPortugal: €754 per worker per yearPoland: €692 per worker per yearNetherlands: €1,524 per worker per yearMalta: €941 per worker per yearLuxembourg: €2,851 per worker per yearLithuania: €627 per worker per yearLatvia: €632 per worker per yearItaly: €1,153 per worker per yearIreland: €2,787 per worker per yearHungary: €539 per worker per yearGreece: €700 per worker per yearGermany: €1,297 per worker per yearFrance: €1,349 per worker per yearFinland: €1,512 per worker per yearEstonia: €828 per worker per yearDenmark: €1,897 per worker per yearCzechia: €887 per worker per yearCyprus: €960 per worker per yearCroatia: €692 per worker per yearBulgaria: €487 per worker per yearBelgium: €1,719 per worker per yearAustria: €1,501 per worker per year
Lower · €487€2,851 · Higher

Direct costs

€144.0 bn/yr

Money that leaves a public budget or an invoice.

  • Household energy support schemes€62.0 bn
  • LNG import premium vs. pre-crisis pipeline gas€48.0 bn
  • Grid reinforcement and storage investment€34.0 bn

Indirect costs

€103.0 bn/yr

Prices, productivity and welfare effects citizens absorb.

  • Industrial output lost to energy-intensive shutdowns€40.0 bn
  • Energy component of consumer price inflation€55.0 bn
  • Energy poverty: health and arrears costs€8.0 bn
Sources & referencesView sources (3)