This 2024 edition of the energy prices and costs report follows a period of exceptional turbulence on global and European energy markets since 2020. The sustained period of high energy prices has had, and despite prices returning towards pre-crisis levels, continues to have, serious implications for European households, industry, the broader economy and public finances. The purpose of this report is to objectively analyse energy price, cost and other data to provide a clear understanding of the changes in prices and their drivers, and the impact of these changes on energy costs for EU industry and households, EU energy imports and energy taxes.