VaasaETT

05/09/2023

➡ 📣 We just published the latest Household Energy Price Index results for the residential energy prices in 33 European capitals during August!

🔷 ⬇ in Europe continued their downward trend, remaining significantly lower compared to the levels of a year ago. Most capital cities maintained their rates and over a third experienced price drops, notably in the Nordic and Baltic regions. The only capitals out of 33 cities that saw an increase were Paris, Rome and Amsterdam due to increases in the energy component.

🔶 ⬇ prices followed a similar pattern, with stability in most markets and only a few (Paris, Rome, Lisbon) recording negligible price increases.

📊 In the chart below, you can see the evolution of residential energy and distribution prices (excluding taxes) in the . Compared to August 2022, in all EU capitals have seen a 15% reduction, while have witnessed an even more substantial 30% decrease.

🔍 To examine each market separately and compare historical and latest data, use our visualisation tools.

📌 www.energypriceindex.com/price-data

📧Subscribe to the HEPI free monthly newsletter and we will keep you updated on all the interesting developments in the during the upcoming winter!

📌 www.energypriceindex.com/subscribe

28/08/2023

🎇 VaasaETT on BBC NEWS!

📺 Our Founder and CEO, Dr. Philip Lewis, was recently interviewed on BBC News' Talking Business with Aaron Heslehurst, addressing the challenges European households had to navigate and the spiraling of prices during the peak of the .

🔦 The enlightening conversation also revolved around the future of the energy landscape and Europe's readiness to face the upcoming winter's demands.

🔗 If you are a BBC subscriber, follow the link to the full interview.

https://www.bbc.co.uk/iplayer/episode/m001pzd4/talking-business-25082023

03/08/2023

❗ 🔍 HEPI-Household Energy Price Index: JULY prices just released! 📢

⬆ Retail in July saw a slight 2% increase, ending the downward trend observed since November 2022. While most countries experienced stability or decreases, a few capital cities faced significant price surges due to the phasing out of support or price corrections after recent price drops.

📌 Copenhagen witnessed the most significant increase (55%) due to the raise of the Electricity tax.

⬇ end-user prices continued their decline for the second consecutive month across Europe, with most markets showing stability or reductions.The general decrease is attributed mainly to ample gas supply and reduced summer demand.

📌 In Bern, a significant 25% price drop was recorded, leading to the highest end-user price level since 2018, which can be attributed to the updated price list announced by the local supplier.

📊 Read the analysis of our data team and view the interactive figures with the latest data:
https://www.energypriceindex.com/price-data

🗺 📍 Check out the map below illustrating the monthly changes in household prices across all European countries.

❕ Stay updated every month on all energy price trends by subscribing to our free newsletter
https://www.energypriceindex.com/subscribe

06/06/2023

📢 Household Energy Price Index for May just released!

❓ ⚡What are the latest and end-user prices in your capital and how do they compare to the rest of Europe? How much have they changed since April?

🌏Find out more and compare with our interactive maps and visualization tools
https://www.energypriceindex.com/price-data

📉 The recession and the various approaches regarding the continuation of measures across Europe are the main factors driving the energy prices at this transitional period.

📌 : With the notable exception of Riga and Belgrade that marked considerable increases, residential prices remained at similar levels to those of April, marking the end of a 6-month downtrend in the market.

📌 : Prices showed a slight increase on average for the first time since last October with the most significant changes observed in Brussels, Riga and Rome.

💡 From a year ago, May 2022, the in all EU capitals have decreased by 2% while the have decreased by 6%.

📧 Remember to subscribe to our free monthly newsletter for all the latest price updates
https://www.energypriceindex.com/subscribe

04/05/2023

➡ 📣 We just published the latest Household Energy Price Index results for the residential energy prices in 33 European capitals in April!

✔ Electricity markets
The suppliers’ decision to issue new, lower tariffs, as a reflection of the overall drop in the wholesale market has resulted in a general decrease of the retail prices, with Vienna being the sole capital that dealt with a marked rise.

💡 Our analysis on fixed 🆚 variable tariff showed once again that fixed prices are typically higher than variable

✔ Gas markets
The remarkable decrease in the wholesale gas price, which has dropped even below the 40 €/MWh mark, led to a general decline in the natural gas bills. Half of the capitals saw their retail prices dropping, in some cases significantly
(⬇ 41% in Brussels)

➡ Download the report and explore the data visuals
https://www.energypriceindex.com/

📧 Subscribe to the free monthly newsletter
https://www.energypriceindex.com/subscribe
Subscribe — HEPI (energypriceindex.com)

06/04/2023

Household Energy Prices Index for Europe - MARCH prices released!

💡 Retail electricity prices followed a slight downward trend, with Helsinki being the only capital recording a 14% price increase.
🔷 The reduced demand, mainly due to the favourable weather conditions, led to the rapid fall of electricity prices on the wholesale market, especially in the international markets, such as Nord Pool and TTF.

❗ This month we are also examining, for a selection of markets (EUR15), the average end-user prices for fixed VS variable contracts, taking into account the fact that since the crisis customers tend to choose the latter more often due to their lower prices.

📊 In the natural gas markets, the prices continued to drop, while many European capitals saw a decrease to the levels of prior to the war in Ukraine.
🔸 Vienna’s households saw a 9% increase in their bills, however in the rest of Europe residential prices remained in the same levels.

🗺 Take a look at how the monthly changes are depicted in our interactive maps to get a better picture of the current situation in Europe.

➡ More results and analysis: https://www.energypriceindex.com/price-data

📧 Subscribe to our free monthly newsletter: https://www.energypriceindex.com/subscribe

14/03/2023

📣 JOB OPENINGS

We are looking to hire for our Thessaloniki team:

🆕 ✔ Energy Market Analyst to focus on energy data collection, research on national regulations and policies, market research and analysis.

➡ Apply:
https://lnkd.in/dgn3kmWY

✔ Data Scientist with interest in the energy field to focus on ETL processes (i.e. data collection and storage), development of scrapping tools and data modelling.

➡ Apply:
www.vaasaett.com/careers/

08/03/2023

🔍 HEPI findings for the residential in February are now available on our website!

💡 Last month, an overall downward trend was observed again in the and retail markets across Europe, with only few capitals witnessing increased prices. Mild weather conditions and lower demand, among other factors, resulted to the wholesale price fall and the consequent decline in end-user prices.

🔷 Paris, Madrid, Athens and London were the only capitals that recorded a rise in the households' electricity bills

🔶 Dublin was the sole capital where the natural gas price went up.

🔗 You can visit our website to explore all the latest price data for 33 European capitals and download the press release for the analysis on the factors that drove the price decline.

https://lnkd.in/dzu-di-4

📧 Remember to subscribe to our free newsletter to get all the info in your inbox every month!

https://lnkd.in/d8gNRksx

08/03/2023

❗ 📣 WE ARE HIRING!

If you have confidence in your data science skills and also an interest in the energy markets, then this is a great opportunity for you to join our Thessaloniki team! 👇

Want to know more?
https://lnkd.in/dr-JfCuu

14/02/2023

👏 Congratulations to the International Energy Agency (IEA) team for this insightful report!

💡 A must read study in recent policies, trends and market developments, including forecasts through 2025 for electricity demand, supply and CO2 emissions.

🔸 We are delighted to have -once again- our Data Science Lead, Rafaila Grigoriou, providing input as an external reviewer for this publication.

🙏 Thank you to the IEA team for also including to their analysis VaasaETT's insights regarding the impact of the support measures on the household electricity prices during the energy crisis.

Dive in! 👇

Electricity Market Report 2023 - Analysis and key findings. A report by the International Energy Agency.

08/02/2023

❕ An overall decline in retail electricity and gas prices has been observed in January across Europe. Check out our Household Energy Price Index website for the newly released rankings and price data for 33 European capitals.

👉 www.energypriceindex.com/price-data

🔹 Significant price changes to the electricity market:
⬆ Increases in Bern, Nicosia, Rome, Vilnius and Warsaw
⬇ Decreases in Amsterdam, Brussels, Madrid and Prague

🔸 Significant price changes to the natural gas market:
⬆ Price increases in Bratislava, Sofia and Warsaw
⬇ Price decreases in Amsterdam, Prague and Vienna

Explore our website and use our interactive tools to find out more about the latest electricity and gas end-user prices in your country and make the comparison with the rest of the European capitals.

📧 Subscribe to our free newsletter for the most up-to-date picture of European residential energy prices and the analysis on the factors influencing the formation of the prices every month.

👉 www.energypriceindex.com/subscribe

Monthly updateThe key findings of the January 2023 analysis in residential electricity and natural gas markets are illustrated in the following interactive figures. Read the monthly HEPI report for a more complete picture on how the economic turmoil and changing wholesale prices have impacted the re...

23/01/2023

📢WE ARE HIRING!

We are now looking to hire Energy Market Analysts - both Junior and Senior - based at our offices in Helsinki or Thessaloniki! As an Energy Market Analyst, your goal would be to identify opportunities and provide comprehensive analysis of international energy markets to our clients.

❔ Interested? Read more and apply:

👉https://atalent.fi/open-position/vaasaett-energy-market-analyst-167786

17/01/2023

📑 European Commission quarterly reports on Electricity and Gas markets are published.

💡 The reports include valuable info on how Russia put more pressure to the European gas market by drastically reducing gas supply through Nord Stream 1 pipeline. The impact on the electricity markets is also highlighted as high and volatile gas prices served as a marginal fuel used in EU wholesale electricity pricing, driving prices to new record-highs in the third quarter of 2022.

➡ VaasaETT is DG ENER’s current provider of retail data for the market observatory for energy and contributed once again as a key source for these reports.

Since 2015, we collect, process and aggregate data and information on European retail electricity and gas markets in all EU Member States (EU27) and selected non-EU markets and delivering monthly updates to the European Commission.

Russia’s weaponisation of its gas exports to Europe was the dominant element on EU gas markets from July to September 2022. Significant increases were registered across the EU electricity market with price levels reaching new unprecedented highs in Q3 2022.

07/11/2022

📣 The HEPI October price analysis is now available! Visit our website to find out more and view our interactive maps for the latest electricity and gas end-user prices in your capital.

🔗https://www.energypriceindex.com/price-data

💡 Unprecedented increases in electricity and natural gas retail prices are observed in October, even after the implementation of support measures by the EU governments. Dr. Philip Lewis, CEO of VaasaETT, highlights a few interesting – and quite worrying- findings of this month’s HEPI price analysis.

🔗Read the blog: https://www.energypriceindex.com/blogs/october-release-blog

⬇️ Read also Bloomberg News story by Olivia Fletcher, featuring HEPI data, on European Energy Bills Hitting Record Despite Government Support



https://www.bloomberg.com/news/articles/2022-11-07/european-energy-bills-hit-record-despite-government-support

Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day.

11/10/2022

Looking for the latest household energy prices in the European level?

🌏You can now view our new interactive maps to stay updated on the end-user electricity and natural gas prices every month across Europe.

The feature is now available on the HEPI website: https://www.energypriceindex.com/price-data

04/10/2022

🔍Our -Household Energy Price Index findings for residential and prices in 33 European capitals in September are now available!

Residential electricity prices continued their upward trend, leading to significant increase in September, with 13 European capital cities reaching new record-highs. Natural gas retail market prices followed a significant rise for a third consecutive month across Europe, continuing the increasing trend that has been observed since the start of the year.

⇧ Significant electricity price increases in Amsterdam, Berlin, Copenhagen, Helsinki, Prague, Riga, Stockholm and Tallinn

⇧ Significant natural gas price increases in Amsterdam, Athens, Copenhagen, Sofia, Tallinn and Vienna

Check out our newly published data for September 2022:
https://www.energypriceindex.com/price-data

❗️ Subscribe to the HEPI monthly newsletter for free to stay up to date with electricity and gas price rankings:
https://www.energypriceindex.com/subscribe

06/09/2022

Bloomberg news recent article " Can Europe’s $375 Billion in Relief Keep People Warm Enough?", which extensively utilised our data from Household Energy Price Index, provided interesting insight into the soaring electricity and gas prices across Europe that force governments to plan aid packages to tackle the unprecedented energy crisis.

Will merely handing out money be enough for Europe to get through the difficult upcoming winter? That remains to be seen.

Follow the link below to read Todd Gillespie’s illuminating analysis.

❗️For our newly published information on household prices for both electricity and gas in August, visit HEPI (energypriceindex.com) and subscribe to receive the report in your inbox every month for free.

European households will benefit from at least 376 billion euros ($375 billion) in government aid to stem whopping energy bills this winter, yet there’s a risk the smorgasbord of spending won’t bring enough relief.

29/08/2022

Households in Great Britain face a leap in energy bills from October after Ofgem raised the energy price cap by 80%. But how do UK energy prices compare to those across Europe?

In light of recent developments, this Euronews article, based on our HEPI data (see https://www.energypriceindex.com/price-data ), gives a good overview on European household energy prices and the governments’ efforts to tackle the crisis.

https://www.euronews.com/2022/08/26/soaring-energy-prices-how-does-the-uk-compare-with-europe

The UK's energy bills will jump by 80% a year from October, it was announced today. But how do Britain's energy prices compare to those in Europe? Who in Europe is paying the most? Who is paying the least?

05/08/2022

❓ Interested in the latest developments in the residential energy prices? Our Household Energy Price Index for Europe provides the most up-to-date picture of residential electricity and gas prices and the factors driving price changes.

💡 The HEPI data for the end-user electricity prices in July show that London and Copenhagen are by far the most expensive cities for household customers in Europe, followed by Rome, Amsterdam and Prague.

❗️ Natural gas prices reached news record-highs in Riga, London, Vilnius, Athens, Sofia, Copenhagen, Ljubljana and Tallinn.

📊 Residential electricity prices in July show a further increase in general compared to last month, continuing their ongoing upward trend after a few months of relative stability. In the natural gas retail market, prices followed a significant rise across Europe compared to June’s slight decrease, continuing the increasing trend that has been observed since the start of the year.

Check out our newly published data
➡️https://www.energypriceindex.com/price-data

Subscribe to the HEPI monthly newsletter for free to stay up to date with electricity and gas price rankings:
➡️https://www.energypriceindex.com/subscribe

06/07/2022

Our (Household Energy Price Index) findings for residential electricity and gas prices in June are now available!

📊 Electricity prices showed a slight increase in general, remain however quite stable the last three months if compared to the prices earlier this year. In the natural gas retail market, prices overall slightly decreased across Europe for the first time in 2022.

📈 Increased demand connected to post-pandemic economic recovery, the extremely high wholesale prices driven by the increased natural gas demand and the low levels of storage, as well as the uncertainty over energy security after the Russian invasion of Ukraine keep the energy prices significantly higher compared to the ones a year ago.

Story of the month: Greece adopts price caps on power generation sources
https://www.energypriceindex.com/blogs/greece-adopts-price-caps-on-power-generation

Download the full June 2022 report:
https://www.energypriceindex.com/price-data

Subscribe to receive a free monthly update:
https://www.energypriceindex.com/subscribe

04/07/2022

We are happy to announce that VaasaETT is taking on a new project, assigned by the Greek Regulatory Authority for Energy. Our team will conduct a thorough study on the retail electricity and gas markets in the E.U.

We will provide up-to-date information on several metrics related to the description of the EU markets and the competition, as well as the offered tariffs and the hedging instruments. The study will also include, among others, insights on key retail market trends and an analysis of the regulatory measures that affected the price formation before and during the crisis period on selected countries.

02/06/2022

📢Our latest findings are now available!

A general decreasing trend has been observed in the residential and in May, mainly due to the relief measures that have been applied by the governments to mitigate the impact of the energy crisis on household bills

💡 However, the prices still remain significantly high compared to the ones a year ago

🔍Story of the month: Spain and Portugal capping gas cost for power

Interested in knowing more?

Download the full May 2022 report:
https://www.energypriceindex.com/price-data

Subscribe to receive the monthly update:
https://www.energypriceindex.com/subscribe

11/05/2022

🔎 Residential and prices continued their upward trend during April, with 9 European capitals reaching new record-highs.

👇 Find out more on our latest Household Energy Price Index findings
energypriceindex.com/price-data

👇 Subscribe to receive a free monthly update on electricity and gas price-rankings in 33 European capital cities
energypriceindex.com/subscribe

28/04/2022

📢 We are hiring! This time we are looking for Energy Market Analysts for our offices in Helsinki and Thessaloniki.

🔎 Read more: https://www.vaasaett.com/careers/

07/04/2022

🔎 After a declining trend noticed during February, and prices for domestic users across surged again in March reaching record-highs in certain capitals in both markets.

👇 Look here for the latest findings:
https://www.energypriceindex.com/price-data

👇 Or subscribe to receive a monthly update on household prices for both electricity and gas at the European level:
https://www.energypriceindex.com/subscribe

08/03/2022

We donated to Pelastakaa Lapset to help children and their caregivers overcome impacts of the armed conflict in Ukraine 🇺🇦

Join the effort here: https://www.pelastakaalapset.fi/en/topics/campaigns/make-a-corporate-donation-for-ukraine/

03/03/2022

📰 A general decreasing trend has been observed in the residential and in February.

🔎 The general price decrease in most of the cities can be attributed to the applied by the national governments to alleviate the effects of the on the household bills, a reflection of January wholesale price decreases or the return to more “normal” price levels after extreme December increases.

👀 However, prices in most remain significantly higher when compared with their level a year ago, a phenomenon that is more extreme in the gas sector.

📈 The graph below shows the evolution of energy and distribution prices excluding in the EU.

❓ Interested in knowing more? provides granular insight into electricity and natural gas price-rankings in 33 European capital cities on a monthly basis. VaasaETT is commissioned by E-Control and MEKH to compile and publish this study.

👇 Latest findings:
https://www.energypriceindex.com/price-data

👇 Subscribe to receive the monthly update:
https://www.energypriceindex.com/subscribe

28/02/2022

❓ How high would European household electricity prices be without the various subsidies, tax cuts, compensation payments, price caps and other measures recently brought in to protect consumers from the energy crisis? Our graphs may surprise you.

👉 Read more: https://www.vaasaett.com/capping-europes-household-electricity-bill-crisis/

How high would European household electricity prices be without the various subsidies, tax cuts, compensation payments, price caps and other […]

25/02/2022

📢 We are now looking for a Data Scientist to join our growing team in Thessaloniki!

🔎 Interested in applying? Find out more here: https://www.vaasaett.com/careers/

18/02/2022