While 2025 saw significant price increases, energy companies are preparing to lower their prices in 2026. The reason for this is the fall in prices on European markets, which allows suppliers to source their energy at a lower cost.
In a nutshell:
- The Luxembourg government has introduced a contribution towards network costs per kWh (up to 8 euro cents)
- Electricity prices have fallen on the markets (it exceeded 110€/MWh a year ago, and is now below 90€/MWh)
- Luxembourg suppliers purchase electricity at a lower price and can therefore sell it to their customers at a lower price.
- This is particularly the case with Enovos, which is the first to offer massive price reductions, particularly on its naturstroum offers
The ball is rolling! Enovos, Luxembourg's long-standing supplier, was the first to announce massive price cuts on energy supplies in Luxembourg. These price cuts have been boosted by new government subsidies and a fall in the market price per kWh.
These reductions amount to as much as -251 TP4T compared to 2025 prices. They are driven in particular by fixed-price campaigns (FIX naturstroum) which offer a guaranteed low price for a predetermined period (three years, in this case):
To understand the impact of such a change on the energy market:
- In 2025, the cheapest electricity contract on the market started at 47€/month. for 1,800 kWh/year (consumption of a single person)
- In 2026, the cheapest offer starts at just over 35€/month. for the same consumption
Thus, a Luxembourg household can save at least £1,441 per year by opting for a cheaper energy deal. For a household of 3 or 4 people, the average saving is approximately 400€/year. Enough to partially offset the price increases that we experienced in 2025.
(See all energy offers in Luxembourg).
Will all energy suppliers lower their prices in 2026?
That is the big question. For the moment, only Enovos has announced reductions of this kind. However, other suppliers are likely to follow suit, as the main driver is a government subsidy that will apply to all kWh sold to private individuals from 1 January 2026.
- Sudstroum usually adjusts its rates. depending on market prices and changes in competition
- The same goes for SUDénergie, which is betting big on its new electricity offer, Maï Stroum. (background: SUDénergie is a natural gas supplier in Luxembourg)
- Energy Revolt is a local, community-based cooperative – its rates may be flexible, but perhaps not as much as those of other market players.
At Switchr, we will continue to monitor these developments and update our energy supplier comparisons in real time so that you can get the best up-to-date deals.
2026: the rise of offers tailored to different consumer profiles
In addition to price reductions, 2026 should see the emergence of new energy offers tailored to consumption profiles that are becoming increasingly common.
Indeed, Luxembourgers are consuming more and more electricity every year, with consumption patterns that can be shifted more easily than before.
Some suppliers are beginning to offer:
- Offers tailored to electric car owners or households equipped with heat pumps, with very attractive night-time rates (see our comparison of energy offers for electric cars).
- Contracts tailored to owners of photovoltaic panels (enabling them to resell and consume their energy locally, or to resell it to a supplier at a pre-determined rate).
- For the more adventurous: dynamic electricity pricing offers (where you pay the price per kWh as it is traded in real time on the market).
By shifting your usage to off-peak hours, you can save even more on your electricity bill.
To find out more, visit Switchr comparison of electricity suppliers in Luxembourg
