How to manage gas and electricity costs in Luxembourg?

The cost of gas and electricity in Luxembourg constitutes one of the primary fixed expenses that households and businesses must manage monthly. Understanding the various providers and securing the best prices are essential steps for effectively managing these costs.

How much does gas cost in Luxembourg?

As of mid-2023, gas prices in Luxembourg were approximately 0.0850 euros per kilowatt-hour. This represents a considerable increase since mid-2021. Despite this rise, Luxembourg's gas prices remain lower than the European average, which stood at 0.1125 euros per kilowatt-hour in mid-2023.

What role does interconnectivity play in Luxembourg's Energy Strategy?

The interconnectivity with neighboring countries, such as France, Belgium, and Germany, plays a crucial role in Luxembourg's energy strategy. These connections enable Luxembourg to access a broader energy market, ensuring a more stable and diverse supply of electricity.

How stable are energy prices in Europe?

As of mid-2023, the rate stood at 0.2015 euros per kilowatt-hour (kWh). Remarkably, these prices have remained relatively stable over the past few years despite various macroeconomic challenges. This stability is particularly notable given the broader context of rising energy prices across Europe.