Residential energy prices in Europe surged after Russia’s invasion of Ukraine in early 2022. They stabilised about a year later but remain above pre-crisis levels according to the Household Energy Price Index (HEPI).
Energy costs matter most for low-income households, which spend a larger share of their budget on those expenses. On average, electricity, gas and other fuels account for 4.6% of total household spending in the EU, according to Eurostat.
