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 | 12:00-15:00 1.3 EUR/MWh | Low 0.8 · High 112.0 Lowest at 12:00 Highest at 04:00 Low 0.8 · High 112.0 |
| 2 | 🇵🇹 Portugal | 41.9 | 0.810:00 | 112.003:00 | 111.2 | 10:00-13:00 1.0 EUR/MWh | Low 0.8 · High 112.0 Lowest at 10:00 Highest at 03:00 Low 0.8 · High 112.0 |
| 3 | 🇧🇷 Brazil 4 price areas | 50.0 | 47.711:00 | 51.900:00 | 4.2 | 11:00-14:00 48.3 EUR/MWh | Low 47.7 · High 51.9 Lowest at 11:00 Highest at 00:00 Low 47.7 · High 51.9 |
| 4 | 🇳🇴 Norway 5 price areas | 99.4 | 77.500:00 | 158.304:00 | 80.9 | 00:00-03:00 81.7 EUR/MWh | Low 77.5 · High 158.3 Lowest at 00:00 Highest at 04:00 Low 77.5 · High 158.3 |
| 5 | 🇩🇰 Denmark 2 price areas | 102.0 | 80.503:00 | 153.004:00 | 72.5 | 03:00-06:00 84.8 EUR/MWh | Low 80.5 · High 153.0 Lowest at 03:00 Highest at 04:00 Low 80.5 · High 153.0 |
| 6 | 🇫🇷 France | 102.7 | 52.303:00 | 138.204:00 | 85.9 | 03:00-06:00 72.2 EUR/MWh | Low 52.3 · High 138.2 Lowest at 03:00 Highest at 04:00 Low 52.3 · High 138.2 |
| 7 | 🇸🇪 Sweden 4 price areas | 107.0 | 86.802:00 | 157.904:00 | 71.1 | 02:00-05:00 91.1 EUR/MWh | Low 86.8 · High 157.9 Lowest at 02:00 Highest at 04:00 Low 86.8 · High 157.9 |
| 8 | 🇬🇧 Great Britain wholesale | 109.1 | 83.303:00 | 133.803:00 | 50.5 | 03:00-06:00 85.9 EUR/MWh | Low 83.3 · High 133.8 Lowest at 03:00 Highest at 03:00 Low 83.3 · High 133.8 |
| 9 | 🇳🇱 Netherlands | 109.3 | 90.402:00 | 160.504:00 | 70.1 | 02:00-05:00 93.6 EUR/MWh | Low 90.4 · High 160.5 Lowest at 02:00 Highest at 04:00 Low 90.4 · High 160.5 |
| 10 | 🇩🇪 Germany / Lux. | 109.7 | 87.112:00 | 178.504:00 | 91.4 | 12:00-15:00 95.6 EUR/MWh | Low 87.1 · High 178.5 Lowest at 12:00 Highest at 04:00 Low 87.1 · High 178.5 |
| 11 | 🇧🇪 Belgium | 109.9 | 86.202:00 | 160.704:00 | 74.5 | 02:00-05:00 91.1 EUR/MWh | Low 86.2 · High 160.7 Lowest at 02:00 Highest at 04:00 Low 86.2 · High 160.7 |
| 12 | 🇱🇺 Luxembourg | 110.3 | 95.002:00 | 152.904:00 | 57.9 | 02:00-05:00 95.5 EUR/MWh | Low 95.0 · High 152.9 Lowest at 02:00 Highest at 04:00 Low 95.0 · High 152.9 |
| 13 | 🇮🇪 Ireland | 115.5 | 92.021:00 | 145.203:00 | 53.2 | 21:00-00:00 96.1 EUR/MWh | Low 92.0 · High 145.2 Lowest at 21:00 Highest at 03:00 Low 92.0 · High 145.2 |
| 14 | 🇦🇱 Albania | 134.4 | 35.009:00 | 240.004:00 | 205.0 | 09:00-12:00 53.7 EUR/MWh | Low 35.0 · High 240.0 Lowest at 09:00 Highest at 04:00 Low 35.0 · High 240.0 |
| 15 | 🇨🇿 Czechia | 145.7 | 102.401:00 | 244.004:00 | 141.7 | 01:00-04:00 108.5 EUR/MWh | Low 102.4 · High 244.0 Lowest at 01:00 Highest at 04:00 Low 102.4 · High 244.0 |
| 16 | 🇲🇪 Montenegro | 157.5 | 115.001:00 | 248.004:00 | 133.0 | 01:00-04:00 117.7 EUR/MWh | Low 115.0 · High 248.0 Lowest at 01:00 Highest at 04:00 Low 115.0 · High 248.0 |
| 17 | 🇫🇮 Finland | 157.6 | 87.300:00 | 227.605:00 | 140.4 | 00:00-03:00 104.3 EUR/MWh | Low 87.3 · High 227.6 Lowest at 00:00 Highest at 05:00 Low 87.3 · High 227.6 |
| 18 | 🇨🇭 Switzerland | 158.0 | 135.201:00 | 181.004:00 | 45.8 | 01:00-04:00 135.7 EUR/MWh | Low 135.2 · High 181.0 Lowest at 01:00 Highest at 04:00 Low 135.2 · High 181.0 |
| 19 | 🇪🇪 Estonia | 158.2 | 87.300:00 | 227.805:00 | 140.6 | 00:00-03:00 104.4 EUR/MWh | Low 87.3 · High 227.8 Lowest at 00:00 Highest at 05:00 Low 87.3 · High 227.8 |
| 20 | 🇱🇹 Lithuania | 158.2 | 87.300:00 | 227.805:00 | 140.6 | 00:00-03:00 104.4 EUR/MWh | Low 87.3 · High 227.8 Lowest at 00:00 Highest at 05:00 Low 87.3 · High 227.8 |
| 21 | 🇱🇻 Latvia | 158.2 | 87.300:00 | 227.805:00 | 140.6 | 00:00-03:00 104.4 EUR/MWh | Low 87.3 · High 227.8 Lowest at 00:00 Highest at 05:00 Low 87.3 · High 227.8 |
| 22 | 🇮🇹 Italy 7 price areas | 158.5 | 134.802:00 | 210.804:00 | 76.0 | 02:00-05:00 136.8 EUR/MWh | Low 134.8 · High 210.8 Lowest at 02:00 Highest at 04:00 Low 134.8 · High 210.8 |
| 23 | 🇬🇷 Greece | 171.2 | 99.412:00 | 341.005:00 | 241.6 | 12:00-15:00 112.2 EUR/MWh | Low 99.4 · High 341.0 Lowest at 12:00 Highest at 05:00 Low 99.4 · High 341.0 |
| 24 | 🇷🇸 Serbia | 183.1 | 120.103:00 | 265.004:00 | 145.0 | 03:00-06:00 136.3 EUR/MWh | Low 120.1 · High 265.0 Lowest at 03:00 Highest at 04:00 Low 120.1 · High 265.0 |
| 25 | 🇲🇰 North Macedonia | 184.4 | 130.001:00 | 290.004:00 | 160.0 | 01:00-04:00 135.3 EUR/MWh | Low 130.0 · High 290.0 Lowest at 01:00 Highest at 04:00 Low 130.0 · High 290.0 |
| 26 | 🇸🇮 Slovenia | 196.5 | 119.201:00 | 400.804:00 | 281.6 | 01:00-04:00 137.4 EUR/MWh | Low 119.2 · High 400.8 Lowest at 01:00 Highest at 04:00 Low 119.2 · High 400.8 |
| 27 | 🇸🇰 Slovakia | 198.8 | 110.100:00 | 491.404:00 | 381.3 | 00:00-03:00 131.6 EUR/MWh | Low 110.1 · High 491.4 Lowest at 00:00 Highest at 04:00 Low 110.1 · High 491.4 |
| 28 | 🇦🇹 Austria | 200.9 | 124.502:00 | 397.704:00 | 273.2 | 02:00-05:00 146.8 EUR/MWh | Low 124.5 · High 397.7 Lowest at 02:00 Highest at 04:00 Low 124.5 · High 397.7 |
| 29 | 🇭🇷 Croatia | 201.4 | 119.901:00 | 418.904:00 | 299.0 | 01:00-04:00 137.7 EUR/MWh | Low 119.9 · High 418.9 Lowest at 01:00 Highest at 04:00 Low 119.9 · High 418.9 |
| 30 | 🇧🇬 Bulgaria | 225.6 | 134.802:00 | 471.205:00 | 336.4 | 02:00-05:00 139.6 EUR/MWh | Low 134.8 · High 471.2 Lowest at 02:00 Highest at 05:00 Low 134.8 · High 471.2 |
| 31 | 🇷🇴 Romania | 225.6 | 134.802:00 | 471.205:00 | 336.4 | 02:00-05:00 139.6 EUR/MWh | Low 134.8 · High 471.2 Lowest at 02:00 Highest at 05:00 Low 134.8 · High 471.2 |
| 32 | 🇭🇺 Hungary | 229.8 | 124.501:00 | 491.404:00 | 367.0 | 01:00-04:00 142.2 EUR/MWh | Low 124.5 · High 491.4 Lowest at 01:00 Highest at 04:00 Low 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.
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