Monthly wholesale electricity prices in Switzerland 2019-2024
The average wholesale electricity price in Switzerland amounted to some 62 euros per megawatt-hour in May 2024. This was one of the smallest figures recorded since the summer of 2021, when electricity prices soared throughout Europe, the consequence of an energy supply shortage that caused a rise in coal and natural gas prices worldwide. The issue was further aggravated by Russia's invasion of Ukraine in February 2022.