Wholesale electricity prices
Wholesale market prices only. They show what generators were paid, not what households pay. Compare household prices by country.
| Rank | Country | Avg EUR/MWh | Low EUR/MWh | High EUR/MWh | Spread EUR/MWh | Cheapest 3h | Mobile summary |
|---|---|---|---|---|---|---|---|
| 1 | 🇧🇷Brazil 4 price areas | 55.6 | 50.711:00 | 68.500:00 | 17.8 | 11:00-14:0051.4 EUR/MWh | Low 50.7 · High 68.5Lowest at 11:00Highest at 00:00Low 50.7 · High 68.5 |
| 2 | 🇵🇹Portugal | 80.6 | 19.902:00 | 100.003:00 | 80.2 | 02:00-05:0066.7 EUR/MWh | Low 19.9 · High 100.0Lowest at 02:00Highest at 03:00Low 19.9 · High 100.0 |
| 3 | 🇪🇸Spain | 82.6 | 64.303:00 | 100.004:00 | 35.7 | 03:00-06:0066.7 EUR/MWh | Low 64.3 · High 100.0Lowest at 03:00Highest at 04:00Low 64.3 · High 100.0 |
| 4 | 🇫🇷France | 88.4 | 64.303:00 | 133.904:00 | 69.5 | 03:00-06:0066.7 EUR/MWh | Low 64.3 · High 133.9Lowest at 03:00Highest at 04:00Low 64.3 · High 133.9 |
| 5 | 🇳🇴Norway 5 price areas | 105.6 | 83.202:00 | 153.804:00 | 70.6 | 02:00-05:0088.3 EUR/MWh | Low 83.2 · High 153.8Lowest at 02:00Highest at 04:00Low 83.2 · High 153.8 |
| 6 | 🇧🇪Belgium | 106.6 | 87.003:00 | 165.004:00 | 78.1 | 03:00-06:0091.0 EUR/MWh | Low 87.0 · High 165.0Lowest at 03:00Highest at 04:00Low 87.0 · High 165.0 |
| 7 | 🇳🇱Netherlands | 107.0 | 87.203:00 | 152.704:00 | 65.6 | 03:00-06:0093.0 EUR/MWh | Low 87.2 · High 152.7Lowest at 03:00Highest at 04:00Low 87.2 · High 152.7 |
| 8 | 🇸🇪Sweden 4 price areas | 108.4 | 78.602:00 | 157.604:00 | 78.9 | 02:00-05:0090.0 EUR/MWh | Low 78.6 · High 157.6Lowest at 02:00Highest at 04:00Low 78.6 · High 157.6 |
| 9 | 🇩🇰Denmark 2 price areas | 109.5 | 71.521:00 | 178.104:00 | 106.6 | 21:00-00:0083.3 EUR/MWh | Low 71.5 · High 178.1Lowest at 21:00Highest at 04:00Low 71.5 · High 178.1 |
| 10 | 🇫🇮Finland | 112.4 | 87.803:00 | 157.505:00 | 69.7 | 03:00-06:0090.6 EUR/MWh | Low 87.8 · High 157.5Lowest at 03:00Highest at 05:00Low 87.8 · High 157.5 |
| 11 | 🇩🇪Germany / Lux. | 115.6 | 70.011:00 | 185.904:00 | 115.9 | 11:00-14:0097.3 EUR/MWh | Low 70.0 · High 185.9Lowest at 11:00Highest at 04:00Low 70.0 · High 185.9 |
| 12 | 🇮🇪Ireland | 115.8 | 88.702:00 | 157.703:00 | 68.9 | 02:00-05:0089.0 EUR/MWh | Low 88.7 · High 157.7Lowest at 02:00Highest at 03:00Low 88.7 · High 157.7 |
| 13 | 🇱🇺Luxembourg | 117.0 | 98.703:00 | 176.404:00 | 77.7 | 03:00-06:0099.5 EUR/MWh | Low 98.7 · High 176.4Lowest at 03:00Highest at 04:00Low 98.7 · High 176.4 |
| 14 | 🇲🇪Montenegro | 121.5 | 91.001:00 | 171.004:00 | 80.0 | 01:00-04:0095.9 EUR/MWh | Low 91.0 · High 171.0Lowest at 01:00Highest at 04:00Low 91.0 · High 171.0 |
| 15 | 🇨🇿Czechia | 138.0 | 92.411:00 | 225.104:00 | 132.7 | 11:00-14:00102.6 EUR/MWh | Low 92.4 · High 225.1Lowest at 11:00Highest at 04:00Low 92.4 · High 225.1 |
| 16 | 🇬🇷Greece | 145.3 | 98.303:00 | 219.705:00 | 121.4 | 03:00-06:00118.7 EUR/MWh | Low 98.3 · High 219.7Lowest at 03:00Highest at 05:00Low 98.3 · High 219.7 |
| 17 | 🇨🇭Switzerland | 146.6 | 124.202:00 | 173.104:00 | 48.9 | 02:00-05:00124.6 EUR/MWh | Low 124.2 · High 173.1Lowest at 02:00Highest at 04:00Low 124.2 · High 173.1 |
| 18 | 🇦🇱Albania | 148.3 | 75.303:00 | 300.004:00 | 224.7 | 03:00-06:0078.0 EUR/MWh | Low 75.3 · High 300.0Lowest at 03:00Highest at 04:00Low 75.3 · High 300.0 |
| 19 | 🇮🇹Italy 7 price areas | 151.6 | 120.201:00 | 203.904:00 | 83.7 | 01:00-04:00122.3 EUR/MWh | Low 120.2 · High 203.9Lowest at 01:00Highest at 04:00Low 120.2 · High 203.9 |
| 20 | 🇸🇮Slovenia | 155.4 | 113.301:00 | 220.304:00 | 107.0 | 01:00-04:00118.7 EUR/MWh | Low 113.3 · High 220.3Lowest at 01:00Highest at 04:00Low 113.3 · High 220.3 |
| 21 | 🇭🇷Croatia | 155.8 | 113.702:00 | 230.604:00 | 116.9 | 02:00-05:00118.4 EUR/MWh | Low 113.7 · High 230.6Lowest at 02:00Highest at 04:00Low 113.7 · High 230.6 |
| 22 | 🇦🇹Austria | 159.0 | 115.700:00 | 204.004:00 | 88.3 | 00:00-03:00121.7 EUR/MWh | Low 115.7 · High 204.0Lowest at 00:00Highest at 04:00Low 115.7 · High 204.0 |
| 23 | 🇧🇬Bulgaria | 159.5 | 112.003:00 | 256.605:00 | 144.6 | 03:00-06:00118.7 EUR/MWh | Low 112.0 · High 256.6Lowest at 03:00Highest at 05:00Low 112.0 · High 256.6 |
| 24 | 🇷🇴Romania | 159.5 | 112.003:00 | 256.605:00 | 144.6 | 03:00-06:00118.7 EUR/MWh | Low 112.0 · High 256.6Lowest at 03:00Highest at 05:00Low 112.0 · High 256.6 |
| 25 | 🇭🇺Hungary | 159.7 | 111.602:00 | 255.704:00 | 144.1 | 02:00-05:00117.4 EUR/MWh | Low 111.6 · High 255.7Lowest at 02:00Highest at 04:00Low 111.6 · High 255.7 |
| 26 | 🇲🇰North Macedonia | 159.8 | 114.002:00 | 277.104:00 | 163.1 | 02:00-05:00115.0 EUR/MWh | Low 114.0 · High 277.1Lowest at 02:00Highest at 04:00Low 114.0 · High 277.1 |
| 27 | 🇸🇰Slovakia | 160.4 | 109.902:00 | 273.904:00 | 164.0 | 02:00-05:00115.7 EUR/MWh | Low 109.9 · High 273.9Lowest at 02:00Highest at 04:00Low 109.9 · High 273.9 |
| 28 | 🇷🇸Serbia | 169.5 | 115.601:00 | 237.904:00 | 122.3 | 01:00-04:00116.0 EUR/MWh | Low 115.6 · High 237.9Lowest at 01:00Highest at 04:00Low 115.6 · High 237.9 |
| 29 | 🇪🇪Estonia | 177.2 | 89.601:00 | 390.005:00 | 300.5 | 01:00-04:0095.8 EUR/MWh | Low 89.6 · High 390.0Lowest at 01:00Highest at 05:00Low 89.6 · High 390.0 |
| 30 | 🇱🇹Lithuania | 177.2 | 89.601:00 | 390.005:00 | 300.5 | 01:00-04:0095.8 EUR/MWh | Low 89.6 · High 390.0Lowest at 01:00Highest at 05:00Low 89.6 · High 390.0 |
| 31 | 🇱🇻Latvia | 177.2 | 89.601:00 | 390.005:00 | 300.5 | 01:00-04:0095.8 EUR/MWh | Low 89.6 · High 390.0Lowest at 01:00Highest at 05:00Low 89.6 · High 390.0 |
On Wednesday, January 21, 2026, Brazil ranked lowest by average wholesale reference price, while Estonia ranked highest. The widest price spread was in Estonia: 300.5 EUR/MWh.
Daily country electricity price ranking for 2026-01-21, based on published wholesale reference prices in EUR/MWh.
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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
- CCEE Open Data, ENTSO-E Transparency Platform, SMARD Bundesnetzagentur
MethodologyMonthly archiveEuropean volatility reportHousehold prices by country