EU Energy Supplier Savings Calculator
The European Commission estimates that switching to a dynamic price contract and actively managing consumption could save up to 40%. Enter your current electricity rate, consumption, and a potential new rate to see your annual savings.
EU Rules on Energy Switching
Under EU energy market rules, you have the right to switch electricity suppliers free of charge. By December 31, 2026, the switching process must be completed within 24 hours (reduced from the current 3-week timeframe). Every EU country must provide free, independent price comparison tools so you can find the best deal.
Fixed vs Dynamic Pricing
Contract Types
- Fixed price: Pay the same rate per kWh regardless of market conditions. Predictable bills, no surprises.
- Variable/dynamic price: Rate changes based on wholesale electricity market prices (hourly or daily). Can be much cheaper if you shift usage to off-peak hours.
- EU Commission estimate: Up to 40% savings possible with dynamic pricing + active consumption management
Average Electricity Prices in Europe (2026)
Electricity prices vary widely across the EU. The EU average is approximately €0.28/kWh for households. Bulgaria and Hungary have the lowest prices (~€0.10-0.12/kWh), while Germany, Belgium, and Denmark are among the most expensive (~€0.35-0.42/kWh). Average EU household consumption is about 3,500 kWh/year.