Daily electricity price rankings

Daily country electricity price ranking for 2026-01-28, based on published wholesale reference prices in EUR/MWh.

published actuals 31 countries 48 price series Wholesale only Latest source update: May 31, 18:23 GMT+2
Lowest wholesale avg 馃嚜馃嚫 Spain 31.3 EUR/MWh
Highest wholesale avg 馃嚜馃嚜 Estonia 173.9 EUR/MWh
Largest wholesale spread 馃嚙馃嚞 Bulgaria 189.3 EUR/MWh

On Wednesday, January 28, 2026, Spain ranked cheapest by average wholesale reference price among 31 current wholesale country groups, while Estonia ranked highest by the same average wholesale reference measure. The largest wholesale spread was in Bulgaria: 189.3 EUR/MWh.

Price-area average ranking

Ranked by average wholesale price; multi-area countries use a simple price-area average.

Daily wholesale reference electricity price country ranking for Wednesday, January 28, 2026. Values are normalized to EUR/MWh, exclude supplier tariffs and use a simple price-area average for countries with multiple areas.
Rank Country Avg EUR/MWh Low EUR/MWh High EUR/MWh Spread EUR/MWh Cheapest 3h Mobile summary
1
馃嚜馃嚫 Spain
31.3 2.002:00 95.004:00 93.0 02:00-05:00 2.4 EUR/MWh Low 2.0 路 High 95.0 Lowest at 02:00 Highest at 04:00 Low 2.0 路 High 95.0
2
馃嚨馃嚬 Portugal
36.4 2.003:00 95.003:00 93.0 03:00-06:00 7.0 EUR/MWh Low 2.0 路 High 95.0 Lowest at 03:00 Highest at 03:00 Low 2.0 路 High 95.0
3
馃嚙馃嚪 Brazil
4 price areas
54.2 46.710:00 73.500:00 26.8 10:00-13:00 47.2 EUR/MWh Low 46.7 路 High 73.5 Lowest at 10:00 Highest at 00:00 Low 46.7 路 High 73.5
4
馃嚘馃嚤 Albania
63.4 21.004:00 129.604:00 108.6 04:00-07:00 27.0 EUR/MWh Low 21.0 路 High 129.6 Lowest at 04:00 Highest at 04:00 Low 21.0 路 High 129.6
5
馃嚥馃嚜 Montenegro
66.7 19.103:00 115.004:00 95.9 03:00-06:00 23.4 EUR/MWh Low 19.1 路 High 115.0 Lowest at 03:00 Highest at 04:00 Low 19.1 路 High 115.0
6
馃嚪馃嚫 Serbia
93.9 43.701:00 149.004:00 105.4 01:00-04:00 45.5 EUR/MWh Low 43.7 路 High 149.0 Lowest at 01:00 Highest at 04:00 Low 43.7 路 High 149.0
7
馃嚞馃嚪 Greece
94.8 25.010:00 157.805:00 132.8 10:00-13:00 67.3 EUR/MWh Low 25.0 路 High 157.8 Lowest at 10:00 Highest at 05:00 Low 25.0 路 High 157.8
8
馃嚥馃嚢 North Macedonia
104.3 46.003:00 171.504:00 125.5 03:00-06:00 50.7 EUR/MWh Low 46.0 路 High 171.5 Lowest at 03:00 Highest at 04:00 Low 46.0 路 High 171.5
9
馃嚠馃嚜 Ireland
126.5 104.601:00 159.803:00 55.2 01:00-04:00 104.8 EUR/MWh Low 104.6 路 High 159.8 Lowest at 01:00 Highest at 03:00 Low 104.6 路 High 159.8
10
馃嚝馃嚪 France
126.5 84.103:00 188.304:00 104.2 03:00-06:00 95.3 EUR/MWh Low 84.1 路 High 188.3 Lowest at 03:00 Highest at 04:00 Low 84.1 路 High 188.3
11
馃嚙馃嚞 Bulgaria
127.3 25.010:00 214.305:00 189.3 10:00-13:00 67.3 EUR/MWh Low 25.0 路 High 214.3 Lowest at 10:00 Highest at 05:00 Low 25.0 路 High 214.3
12
馃嚦馃嚧 Norway
5 price areas
133.7 95.603:00 187.004:00 91.4 03:00-06:00 99.7 EUR/MWh Low 95.6 路 High 187.0 Lowest at 03:00 Highest at 04:00 Low 95.6 路 High 187.0
13
馃嚛馃嚢 Denmark
2 price areas
134.1 97.002:00 187.904:00 90.8 02:00-05:00 99.4 EUR/MWh Low 97.0 路 High 187.9 Lowest at 02:00 Highest at 04:00 Low 97.0 路 High 187.9
14
馃嚛馃嚜 Germany / Lux.
134.1 96.101:00 184.104:00 88.0 01:00-04:00 101.9 EUR/MWh Low 96.1 路 High 184.1 Lowest at 01:00 Highest at 04:00 Low 96.1 路 High 184.1
15
馃嚦馃嚤 Netherlands
135.6 99.002:00 188.504:00 89.6 02:00-05:00 102.6 EUR/MWh Low 99.0 路 High 188.5 Lowest at 02:00 Highest at 04:00 Low 99.0 路 High 188.5
16
馃嚙馃嚜 Belgium
135.8 98.202:00 188.504:00 90.3 02:00-05:00 102.1 EUR/MWh Low 98.2 路 High 188.5 Lowest at 02:00 Highest at 04:00 Low 98.2 路 High 188.5
17
馃嚫馃嚜 Sweden
4 price areas
136.7 100.202:00 189.104:00 88.9 02:00-05:00 102.2 EUR/MWh Low 100.2 路 High 189.1 Lowest at 02:00 Highest at 04:00 Low 100.2 路 High 189.1
18
馃嚤馃嚭 Luxembourg
136.8 102.201:00 173.704:00 71.4 01:00-04:00 103.7 EUR/MWh Low 102.2 路 High 173.7 Lowest at 01:00 Highest at 04:00 Low 102.2 路 High 173.7
19
馃嚠馃嚬 Italy
7 price areas
141.8 104.402:00 179.504:00 75.2 02:00-05:00 119.7 EUR/MWh Low 104.4 路 High 179.5 Lowest at 02:00 Highest at 04:00 Low 104.4 路 High 179.5
20
馃嚚馃嚟 Switzerland
152.1 125.001:00 178.004:00 53.1 01:00-04:00 125.0 EUR/MWh Low 125.0 路 High 178.0 Lowest at 01:00 Highest at 04:00 Low 125.0 路 High 178.0
21
馃嚚馃嚳 Czechia
153.8 104.001:00 225.004:00 121.0 01:00-04:00 109.0 EUR/MWh Low 104.0 路 High 225.0 Lowest at 01:00 Highest at 04:00 Low 104.0 路 High 225.0
22
馃嚪馃嚧 Romania
153.9 71.602:00 240.505:00 169.0 02:00-05:00 111.8 EUR/MWh Low 71.6 路 High 240.5 Lowest at 02:00 Highest at 05:00 Low 71.6 路 High 240.5
23
馃嚫馃嚠 Slovenia
155.3 104.001:00 220.204:00 116.2 01:00-04:00 112.7 EUR/MWh Low 104.0 路 High 220.2 Lowest at 01:00 Highest at 04:00 Low 104.0 路 High 220.2
24
馃嚟馃嚪 Croatia
155.6 104.001:00 226.504:00 122.5 01:00-04:00 112.4 EUR/MWh Low 104.0 路 High 226.5 Lowest at 01:00 Highest at 04:00 Low 104.0 路 High 226.5
25
馃嚘馃嚬 Austria
160.4 80.102:00 216.004:00 135.9 02:00-05:00 119.3 EUR/MWh Low 80.1 路 High 216.0 Lowest at 02:00 Highest at 04:00 Low 80.1 路 High 216.0
26
馃嚟馃嚭 Hungary
163.3 104.001:00 240.504:00 136.5 01:00-04:00 112.0 EUR/MWh Low 104.0 路 High 240.5 Lowest at 01:00 Highest at 04:00 Low 104.0 路 High 240.5
27
馃嚫馃嚢 Slovakia
163.8 104.001:00 251.204:00 147.2 01:00-04:00 111.1 EUR/MWh Low 104.0 路 High 251.2 Lowest at 01:00 Highest at 04:00 Low 104.0 路 High 251.2
28
馃嚤馃嚬 Lithuania
172.8 105.702:00 270.905:00 165.1 02:00-05:00 113.6 EUR/MWh Low 105.7 路 High 270.9 Lowest at 02:00 Highest at 05:00 Low 105.7 路 High 270.9
29
馃嚤馃嚮 Latvia
172.8 105.702:00 270.905:00 165.1 02:00-05:00 113.6 EUR/MWh Low 105.7 路 High 270.9 Lowest at 02:00 Highest at 05:00 Low 105.7 路 High 270.9
30
馃嚝馃嚠 Finland
173.6 105.702:00 270.605:00 164.9 02:00-05:00 113.6 EUR/MWh Low 105.7 路 High 270.6 Lowest at 02:00 Highest at 05:00 Low 105.7 路 High 270.6
31
馃嚜馃嚜 Estonia
173.9 105.702:00 270.905:00 165.1 02:00-05:00 113.6 EUR/MWh Low 105.7 路 High 270.9 Lowest at 02:00 Highest at 05:00 Low 105.7 路 High 270.9

Methodology and source caveats

Included
Current wholesale reference markets only. Multi-area countries use a simple price-area average, not a load-weighted national average.
Excluded
Supplier tariffs, consumer estimates, stale data and historical benchmarks.
Sources
ENTSO-E Transparency Platform, CCEE Open Data, SMARD Bundesnetzagentur
Methodology