Fuel prices surged following the recent Middle East crisis. Petrol and diesel consumer prices rose significantly in several European countries on average.
However, this is not the case for household electricity prices, while natural gas prices saw modest increases compared to fuel.
“The ongoing geopolitical tension in the Middle East fundamentally constitutes a fuel supply shock. As a result, the direct impact on European gas supply, and consequently on retail gas prices, is more pronounced compared to the electricity markets,” Ioannis Korras**,** a senior energy market analyst at VaasaETT, told Euronews Business.
So, how did household energy prices change after the joint US-Israel attack on Iran in late February and Tehran's responses? Which countries saw the highest household electricity and gas price rises across European capital cities?
According to the Household Energy Price Index (HEPI), which is compiled by Energie-Control Austria, MEKH and VaasaETT, residential end-user electricity prices declined by 3.1% in EU capitals on average between 2 February 2026 and 1 April 2026.
