Monthly wholesale electricity prices in Austria 2019-2024
In March 2024, the average wholesale electricity price in Austria amounted to approximately 63.6 euros per megawatt-hour. In August 2022, Austria's electricity prices reached a record high, at around 489.5 euros per megawatt-hour. Between mid-2021 and mid-2022, figures soared across Europe, the consequence of an energy supply shortage which severely impacted the continent. The situation was further aggravated after Russia's invasion of Ukraine in February 2022.