Katri Kulmuni· Renew

Nuanced

Electricity is currently the cheapest in the entire European Union (in Nordic countries).

Omissions

• The claim was made on 2026-03-11 but the available data is from the first half of 2025; no specific data for early 2026 was available at the time of verification.
• Finland was specifically ranked third cheapest in Europe in 2025 according to some sources, not necessarily the absolute cheapest depending on the metric used.
• The comparison typically refers to household electricity prices including all taxes and levies; wholesale/spot prices may show different rankings.
• Norway, while having low prices, is not an EU member state (though often included in Nordic comparisons).

Sources

• PrimaryEurostat - Electricity price statisticsThe lowest prices were observed in Finland (€0.0804 per kWh) and Sweden (€0.0964 per kWh). The EU average price in the first half of 2025 was €0.1902 per kWh.
• PrimaryInternational Energy Agency (IEA) - Electricity Mid-Year Update 2025Electricity prices in the Nordics remained the lowest in Europe, falling by more than 20% y‑o‑y in H1 2025 to an average of about USD 40/MWh.
• SecondaryYle News - Finland had Europe's third-cheapest electricity prices in 2025The price of electricity in Finland in 2025 was the third cheapest in Europe, according to energy firm Helen.
• SecondaryEuronews - Electricity and gas prices across EuropeNordic countries, particularly Norway (16 PPS) and Finland (18.7 PPS), enjoy cheaper adjusted electricity, with Sweden also below the EU average.