Not according to this data from EUC. I note you dont provide a link.
After a prolonged period of relative stability (2010 – 2019),retail electricity pricesstarted to increasesignificantlyin 2021in response to rising wholesale prices(Figure 3).Retail pricesare normallyhigher thanwholesale prices,but since late 2021theyhave beenlower than wholesale market prices at theprice spikes duringthe crisis (e.g. just after the invasion of Ukraine and during the summer of 2022).
Figure 3: Composition of weighted average household retail electricity prices for EU27 (EUR/MWh)
Source: Trinomics et al.(2023), based on data fromEurostat,VaasaETT
This happened because the increaseinwholesale prices was quick and significantreflecting the need to balance supply and demand.On the other hand,the pass-through to retail pricesreflected retailers’ market situation andwas reduced bytheir supplystrategies (e.g. long-term contracts and other price hedging),thestructure of contracts in Member States (dynamic price vs fixed price contracts), level of retail competition,and by public interventions
