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 | 🇪🇸Spain | 38.7 | 0.812:00 | 112.004:00 | 111.2 | 12:00-15:001.3 EUR/MWh | Low 0.8 · High 112.0Lowest at 12:00Highest at 04:00Low 0.8 · High 112.0 |
| 2 | 🇵🇹Portugal | 41.9 | 0.810:00 | 112.003:00 | 111.2 | 10:00-13:001.0 EUR/MWh | Low 0.8 · High 112.0Lowest at 10:00Highest at 03:00Low 0.8 · High 112.0 |
| 3 | 🇧🇷Brazil 4 price areas | 50.0 | 47.711:00 | 51.900:00 | 4.2 | 11:00-14:0048.3 EUR/MWh | Low 47.7 · High 51.9Lowest at 11:00Highest at 00:00Low 47.7 · High 51.9 |
| 4 | 🇳🇴Norway 5 price areas | 99.4 | 77.500:00 | 158.304:00 | 80.9 | 00:00-03:0081.7 EUR/MWh | Low 77.5 · High 158.3Lowest at 00:00Highest at 04:00Low 77.5 · High 158.3 |
| 5 | 🇩🇰Denmark 2 price areas | 102.0 | 80.503:00 | 153.004:00 | 72.5 | 03:00-06:0084.8 EUR/MWh | Low 80.5 · High 153.0Lowest at 03:00Highest at 04:00Low 80.5 · High 153.0 |
| 6 | 🇫🇷France | 102.7 | 52.303:00 | 138.204:00 | 85.9 | 03:00-06:0072.2 EUR/MWh | Low 52.3 · High 138.2Lowest at 03:00Highest at 04:00Low 52.3 · High 138.2 |
| 7 | 🇸🇪Sweden 4 price areas | 107.0 | 86.802:00 | 157.904:00 | 71.1 | 02:00-05:0091.1 EUR/MWh | Low 86.8 · High 157.9Lowest at 02:00Highest at 04:00Low 86.8 · High 157.9 |
| 8 | 🇬🇧Great Britain wholesale | 109.1 | 83.303:00 | 133.803:00 | 50.5 | 03:00-06:0085.9 EUR/MWh | Low 83.3 · High 133.8Lowest at 03:00Highest at 03:00Low 83.3 · High 133.8 |
| 9 | 🇳🇱Netherlands | 109.3 | 90.402:00 | 160.504:00 | 70.1 | 02:00-05:0093.6 EUR/MWh | Low 90.4 · High 160.5Lowest at 02:00Highest at 04:00Low 90.4 · High 160.5 |
| 10 | 🇩🇪Germany / Lux. | 109.7 | 87.112:00 | 178.504:00 | 91.4 | 12:00-15:0095.6 EUR/MWh | Low 87.1 · High 178.5Lowest at 12:00Highest at 04:00Low 87.1 · High 178.5 |
| 11 | 🇧🇪Belgium | 109.9 | 86.202:00 | 160.704:00 | 74.5 | 02:00-05:0091.1 EUR/MWh | Low 86.2 · High 160.7Lowest at 02:00Highest at 04:00Low 86.2 · High 160.7 |
| 12 | 🇱🇺Luxembourg | 110.3 | 95.002:00 | 152.904:00 | 57.9 | 02:00-05:0095.5 EUR/MWh | Low 95.0 · High 152.9Lowest at 02:00Highest at 04:00Low 95.0 · High 152.9 |
| 13 | 🇮🇪Ireland | 115.5 | 92.021:00 | 145.203:00 | 53.2 | 21:00-00:0096.1 EUR/MWh | Low 92.0 · High 145.2Lowest at 21:00Highest at 03:00Low 92.0 · High 145.2 |
| 14 | 🇦🇱Albania | 134.4 | 35.009:00 | 240.004:00 | 205.0 | 09:00-12:0053.7 EUR/MWh | Low 35.0 · High 240.0Lowest at 09:00Highest at 04:00Low 35.0 · High 240.0 |
| 15 | 🇨🇿Czechia | 145.7 | 102.401:00 | 244.004:00 | 141.7 | 01:00-04:00108.5 EUR/MWh | Low 102.4 · High 244.0Lowest at 01:00Highest at 04:00Low 102.4 · High 244.0 |
| 16 | 🇲🇪Montenegro | 157.5 | 115.001:00 | 248.004:00 | 133.0 | 01:00-04:00117.7 EUR/MWh | Low 115.0 · High 248.0Lowest at 01:00Highest at 04:00Low 115.0 · High 248.0 |
| 17 | 🇫🇮Finland | 157.6 | 87.300:00 | 227.605:00 | 140.4 | 00:00-03:00104.3 EUR/MWh | Low 87.3 · High 227.6Lowest at 00:00Highest at 05:00Low 87.3 · High 227.6 |
| 18 | 🇨🇭Switzerland | 158.0 | 135.201:00 | 181.004:00 | 45.8 | 01:00-04:00135.7 EUR/MWh | Low 135.2 · High 181.0Lowest at 01:00Highest at 04:00Low 135.2 · High 181.0 |
| 19 | 🇪🇪Estonia | 158.2 | 87.300:00 | 227.805:00 | 140.6 | 00:00-03:00104.4 EUR/MWh | Low 87.3 · High 227.8Lowest at 00:00Highest at 05:00Low 87.3 · High 227.8 |
| 20 | 🇱🇹Lithuania | 158.2 | 87.300:00 | 227.805:00 | 140.6 | 00:00-03:00104.4 EUR/MWh | Low 87.3 · High 227.8Lowest at 00:00Highest at 05:00Low 87.3 · High 227.8 |
| 21 | 🇱🇻Latvia | 158.2 | 87.300:00 | 227.805:00 | 140.6 | 00:00-03:00104.4 EUR/MWh | Low 87.3 · High 227.8Lowest at 00:00Highest at 05:00Low 87.3 · High 227.8 |
| 22 | 🇮🇹Italy 7 price areas | 158.5 | 134.802:00 | 210.804:00 | 76.0 | 02:00-05:00136.8 EUR/MWh | Low 134.8 · High 210.8Lowest at 02:00Highest at 04:00Low 134.8 · High 210.8 |
| 23 | 🇬🇷Greece | 171.2 | 99.412:00 | 341.005:00 | 241.6 | 12:00-15:00112.2 EUR/MWh | Low 99.4 · High 341.0Lowest at 12:00Highest at 05:00Low 99.4 · High 341.0 |
| 24 | 🇷🇸Serbia | 183.1 | 120.103:00 | 265.004:00 | 145.0 | 03:00-06:00136.3 EUR/MWh | Low 120.1 · High 265.0Lowest at 03:00Highest at 04:00Low 120.1 · High 265.0 |
| 25 | 🇲🇰North Macedonia | 184.4 | 130.001:00 | 290.004:00 | 160.0 | 01:00-04:00135.3 EUR/MWh | Low 130.0 · High 290.0Lowest at 01:00Highest at 04:00Low 130.0 · High 290.0 |
| 26 | 🇸🇮Slovenia | 196.5 | 119.201:00 | 400.804:00 | 281.6 | 01:00-04:00137.4 EUR/MWh | Low 119.2 · High 400.8Lowest at 01:00Highest at 04:00Low 119.2 · High 400.8 |
| 27 | 🇸🇰Slovakia | 198.8 | 110.100:00 | 491.404:00 | 381.3 | 00:00-03:00131.6 EUR/MWh | Low 110.1 · High 491.4Lowest at 00:00Highest at 04:00Low 110.1 · High 491.4 |
| 28 | 🇦🇹Austria | 200.9 | 124.502:00 | 397.704:00 | 273.2 | 02:00-05:00146.8 EUR/MWh | Low 124.5 · High 397.7Lowest at 02:00Highest at 04:00Low 124.5 · High 397.7 |
| 29 | 🇭🇷Croatia | 201.4 | 119.901:00 | 418.904:00 | 299.0 | 01:00-04:00137.7 EUR/MWh | Low 119.9 · High 418.9Lowest at 01:00Highest at 04:00Low 119.9 · High 418.9 |
| 30 | 🇧🇬Bulgaria | 225.6 | 134.802:00 | 471.205:00 | 336.4 | 02:00-05:00139.6 EUR/MWh | Low 134.8 · High 471.2Lowest at 02:00Highest at 05:00Low 134.8 · High 471.2 |
| 31 | 🇷🇴Romania | 225.6 | 134.802:00 | 471.205:00 | 336.4 | 02:00-05:00139.6 EUR/MWh | Low 134.8 · High 471.2Lowest at 02:00Highest at 05:00Low 134.8 · High 471.2 |
| 32 | 🇭🇺Hungary | 229.8 | 124.501:00 | 491.404:00 | 367.0 | 01:00-04:00142.2 EUR/MWh | Low 124.5 · High 491.4Lowest at 01:00Highest at 04:00Low 124.5 · High 491.4 |
On Friday, January 23, 2026, Spain ranked lowest by average wholesale reference price, while Hungary ranked highest. The widest price spread was in Slovakia: 381.3 EUR/MWh.
Daily country electricity price ranking for 2026-01-23, 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
- ENTSO-E Transparency Platform, CCEE Open Data, Elexon BMRS Open Data, SMARD Bundesnetzagentur
MethodologyMonthly archiveEuropean volatility reportHousehold prices by country