Electricity prices in Serbia and Montenegro remain among the lowest in Europe, according to the most recent Eurostat data. In the second half of the previous year, the average electricity cost for households in Serbia was 18.16 euros per 100 kWh, significantly below the European Union average of 28.49 euros.
Montenegro reported similarly low prices, with household electricity rates ranging from 16.49 to 18.16 euros per 100 kWh. These figures place both countries among the most affordable in Europe for electricity, particularly when compared to more economically developed nations where prices are much higher.
The gap in electricity expenses becomes even more noticeable when adjusted for purchasing power. Households in countries with stronger economies often pay more for basic energy needs. For instance, Czech households paid around 41 euros per 100 kWh, while prices in Germany and Cyprus exceeded 35 euros.
Eurostat’s latest report, which compared electricity and gas prices across EU member states and several non-EU countries, shows that electricity prices have largely stabilized over the past two years. In contrast, gas prices slightly increased during the second half of the previous year, after three consecutive periods of decline.
Despite recent stabilization, both electricity and gas prices remain well above pre-pandemic levels. Four years ago, the EU average electricity cost was about 7 euros lower than today, while gas prices have surged by over 70 percent in the same period.
When comparing electricity prices adjusted for income levels and including taxes, the Czech Republic had the highest rates. Households using between 2,500 and 5,000 kWh annually paid 41 euros per 100 kWh. Cyprus and Germany followed closely with costs of 35.7 and 35.23 euros, respectively. In the region, Croatia stood out as one of the more expensive countries with a rate of 21.71 euros, while Slovenia recorded a slightly higher price of 23.29 euros.
In contrast, Serbia, Montenegro, and Bosnia and Herzegovina continued to maintain relatively low electricity prices, all within the 16.49 to 18.16 euros range. The lowest electricity price in Europe was recorded in Iceland, where households paid just 12.2 euros per 100 kWh, thanks to the country’s extensive use of geothermal energy.
Gas prices also vary widely across Europe. Serbian households paid around 8.07 euros per 100 kWh, while the highest rate was observed in North Macedonia at 20.53 euros. Montenegro remains among the countries with relatively low gas prices, though complete data for some non-EU countries is not available.
Several factors contribute to Montenegro’s low energy costs, including regulated tariffs, a reliance on domestic hydropower, and limited participation in the liberalized energy market. In terms of purchasing power parity, gas prices in Serbia were among the lowest in Europe during the latter half of the year.
