Have you noticed that your electricity or natural gas bill is higher in cost, even though your energy consumption has remained roughly the same? You are not alone.
Energy prices are influenced by many factors and can change even when your daily habits remain unchanged.
In 2026, European energy markets continue to be affected by international developments, natural gas availability, demand, and geopolitical tensions. In particular, disruptions to international liquefied natural gas (LNG) supplies and competition between Europe and Asia to secure LNG cargoes have increased uncertainty and put additional pressure on prices.
What Affects Energy Costs?
1. Wholesale Electricity and Natural Gas Prices
Energy suppliers purchase energy through the relevant markets, and these costs influence the charges consumers pay, depending on the type of tariff they have selected.
With variable-rate plans, the supply price may change according to the contract terms and relevant market factors. By contrast, with fixed-rate plans, the agreed energy price remains unchanged for the specified period, subject to the terms of the contract.
This means that two consumers with similar energy consumption may pay different amounts because they have chosen different plans or suppliers.
2. International Developments and the Natural Gas Market
Europe has significantly diversified its natural gas supply sources, relying increasingly on liquefied natural gas (LNG). As a result, prices are more strongly influenced by global supply, demand from other markets, transportation costs, and geopolitical developments.
In 2026, disruptions to LNG flows from the Middle East and European natural gas storage levels below their historical average have increased uncertainty ahead of the winter season.
3. Why Are Electricity Prices Also Affected?
Natural gas continues to play an important role in electricity generation and in balancing the electricity system. When natural gas-fired power plants determine the price in the electricity market, increases in gas prices can also affect wholesale electricity prices.
At the same time, increased electricity generation from renewable energy sources can help lower prices during periods of strong sunshine and wind. However, weather conditions, demand, and the availability of other power generation units continue to cause price fluctuations.
4. Why Might You Pay More Even If Your Consumption Has Not Changed?
The final amount on your bill does not depend solely on the kilowatt-hours you consume. Other important factors include:
- The supply price per kWh and the type of tariff you have.
- Fixed charges and any discounts offered under your plan.
- Regulated charges, taxes, and other fees.
- The billing period and whether the bill is an estimated or final bill.
- Any changes to prices or contract terms.
Therefore, before concluding that your energy consumption has increased, it is worth comparing the supply price, individual charges, and billing period on your latest bill with those on previous bills.
Are Government Subsidies Available for Energy Bills?
Consumer support measures are determined by government decisions in force at the time and may vary depending on the period, eligible consumer categories, and type of energy. You should therefore not assume that every bill includes a subsidy or that the same support measures apply to everyone.
For further information, you can consult the official Regulatory Authority for Waste, Energy and Water (RAAEY) service available through gov.gr. There, you can compare available electricity and natural gas tariffs and review relevant regulated charges.
How Can You Reduce Your Electricity and Natural Gas Costs?
Although you cannot control international energy prices, there are several steps you can take to manage your costs more effectively:
- Compare available energy plans. Check the price per kWh, the fixed monthly charge, discount eligibility requirements, and contract duration.
- Consider whether a fixed or variable tariff is right for you. The most suitable option depends on your needs, your tolerance for price fluctuations, and the terms of each plan.
- Review your latest bills. Compare your consumption, prices, and individual charges to identify what has changed.
- Take advantage of available discounts. Check whether you qualify for prompt-payment discounts, special tariff categories, or government support schemes.
- Adjust your energy consumption. Using heating, air conditioning, and energy-intensive appliances efficiently can help reduce your expenses.
Find the Energy Plan That Suits You with GlobyPlus!
You do not have to work through every charge and compare the differences between energy plans on your own.
The GlobyPlus team helps you compare available options, understand contract terms, and choose an electricity or natural gas plan that meets your needs and budget.
Contact us today to find out whether you could save money with an energy plan that works better for you!
This article is general information, not personal advice. Terms and cover depend on the provider and your contract. Your advisor checks what applies to you.
Want an advisor to check this for you?
A few short questions, and we'll get back to you shortly.