for industry, an
vbw – Bavarian Industry Association
In Europe, electricity and gas continues to be more expensive than elsewhere. European industry thus currently pays more money out for energy than its USA and China equivalents.
Our study for the vbw – Bavarian Industry Association, compares electricity and gas prices for industry worldwide and gives a price development outlook up to the year 2030.
By 2030 the electricity price level sinks in all European countries under consideration. The reason: an expected decrease in gas prices by 2030 in comparison to the high prices in 2022. In terms of the German prices, we expect a price level in the European mid-range. For businesses that benefit from the electricity price compensation provision, we expect significantly lower electricity prices.
The assumptions that our expectations are based on can be consulted in Chapter 2.4.
The assumptions that our expectations are based on can be consulted in Chapter 3.3.
The Prognos energy team used official data from governmental or semi-governmental agencies as their information source.
The comparison is limited to the energy sources of electricity and gas, as these grid-based energy sources exhibit large price differences between individual countries or markets. For other relevant energy sources – for example oil and its derivatives, such as naptha and heating oil – there is a world market, meaning that price differences between the world regions are much less significant.
Project team: Mohammad Alkasabreh, Sven Kreidelmeyer
Last update: 24.10.2023
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