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 | 31.3 | 2.002:00 | 95.004:00 | 93.0 | 02:00-05:002.4 EUR/MWh | Low 2.0 · High 95.0Lowest at 02:00Highest at 04:00Low 2.0 · High 95.0 |
| 2 | 🇵🇹Portugal | 36.4 | 2.003:00 | 95.003:00 | 93.0 | 03:00-06:007.0 EUR/MWh | Low 2.0 · High 95.0Lowest at 03:00Highest at 03:00Low 2.0 · High 95.0 |
| 3 | 🇧🇷Brazil 4 price areas | 54.2 | 46.710:00 | 73.500:00 | 26.8 | 10:00-13:0047.2 EUR/MWh | Low 46.7 · High 73.5Lowest at 10:00Highest at 00:00Low 46.7 · High 73.5 |
| 4 | 🇦🇱Albania | 63.4 | 21.004:00 | 129.604:00 | 108.6 | 04:00-07:0027.0 EUR/MWh | Low 21.0 · High 129.6Lowest at 04:00Highest at 04:00Low 21.0 · High 129.6 |
| 5 | 🇲🇪Montenegro | 66.7 | 19.103:00 | 115.004:00 | 95.9 | 03:00-06:0023.4 EUR/MWh | Low 19.1 · High 115.0Lowest at 03:00Highest at 04:00Low 19.1 · High 115.0 |
| 6 | 🇷🇸Serbia | 93.9 | 43.701:00 | 149.004:00 | 105.4 | 01:00-04:0045.5 EUR/MWh | Low 43.7 · High 149.0Lowest at 01:00Highest at 04:00Low 43.7 · High 149.0 |
| 7 | 🇬🇷Greece | 94.8 | 25.010:00 | 157.805:00 | 132.8 | 10:00-13:0067.3 EUR/MWh | Low 25.0 · High 157.8Lowest at 10:00Highest at 05:00Low 25.0 · High 157.8 |
| 8 | 🇲🇰North Macedonia | 104.3 | 46.003:00 | 171.504:00 | 125.5 | 03:00-06:0050.7 EUR/MWh | Low 46.0 · High 171.5Lowest at 03:00Highest at 04:00Low 46.0 · High 171.5 |
| 9 | 🇮🇪Ireland | 126.5 | 104.601:00 | 159.803:00 | 55.2 | 01:00-04:00104.8 EUR/MWh | Low 104.6 · High 159.8Lowest at 01:00Highest at 03:00Low 104.6 · High 159.8 |
| 10 | 🇫🇷France | 126.5 | 84.103:00 | 188.304:00 | 104.2 | 03:00-06:0095.3 EUR/MWh | Low 84.1 · High 188.3Lowest at 03:00Highest at 04:00Low 84.1 · High 188.3 |
| 11 | 🇧🇬Bulgaria | 127.3 | 25.010:00 | 214.305:00 | 189.3 | 10:00-13:0067.3 EUR/MWh | Low 25.0 · High 214.3Lowest at 10:00Highest at 05:00Low 25.0 · High 214.3 |
| 12 | 🇳🇴Norway 5 price areas | 133.7 | 95.603:00 | 187.004:00 | 91.4 | 03:00-06:0099.7 EUR/MWh | Low 95.6 · High 187.0Lowest at 03:00Highest at 04:00Low 95.6 · High 187.0 |
| 13 | 🇩🇰Denmark 2 price areas | 134.1 | 97.002:00 | 187.904:00 | 90.8 | 02:00-05:0099.4 EUR/MWh | Low 97.0 · High 187.9Lowest at 02:00Highest at 04:00Low 97.0 · High 187.9 |
| 14 | 🇩🇪Germany / Lux. | 134.1 | 96.101:00 | 184.104:00 | 88.0 | 01:00-04:00101.9 EUR/MWh | Low 96.1 · High 184.1Lowest at 01:00Highest at 04:00Low 96.1 · High 184.1 |
| 15 | 🇳🇱Netherlands | 135.6 | 99.002:00 | 188.504:00 | 89.6 | 02:00-05:00102.6 EUR/MWh | Low 99.0 · High 188.5Lowest at 02:00Highest at 04:00Low 99.0 · High 188.5 |
| 16 | 🇧🇪Belgium | 135.8 | 98.202:00 | 188.504:00 | 90.3 | 02:00-05:00102.1 EUR/MWh | Low 98.2 · High 188.5Lowest at 02:00Highest at 04:00Low 98.2 · High 188.5 |
| 17 | 🇸🇪Sweden 4 price areas | 136.7 | 100.202:00 | 189.104:00 | 88.9 | 02:00-05:00102.2 EUR/MWh | Low 100.2 · High 189.1Lowest at 02:00Highest at 04:00Low 100.2 · High 189.1 |
| 18 | 🇱🇺Luxembourg | 136.8 | 102.201:00 | 173.704:00 | 71.4 | 01:00-04:00103.7 EUR/MWh | Low 102.2 · High 173.7Lowest at 01:00Highest at 04:00Low 102.2 · High 173.7 |
| 19 | 🇮🇹Italy 7 price areas | 141.8 | 104.402:00 | 179.504:00 | 75.2 | 02:00-05:00119.7 EUR/MWh | Low 104.4 · High 179.5Lowest at 02:00Highest at 04:00Low 104.4 · High 179.5 |
| 20 | 🇨🇭Switzerland | 152.1 | 125.001:00 | 178.004:00 | 53.1 | 01:00-04:00125.0 EUR/MWh | Low 125.0 · High 178.0Lowest at 01:00Highest at 04:00Low 125.0 · High 178.0 |
| 21 | 🇨🇿Czechia | 153.8 | 104.001:00 | 225.004:00 | 121.0 | 01:00-04:00109.0 EUR/MWh | Low 104.0 · High 225.0Lowest at 01:00Highest at 04:00Low 104.0 · High 225.0 |
| 22 | 🇷🇴Romania | 153.9 | 71.602:00 | 240.505:00 | 169.0 | 02:00-05:00111.8 EUR/MWh | Low 71.6 · High 240.5Lowest at 02:00Highest at 05:00Low 71.6 · High 240.5 |
| 23 | 🇸🇮Slovenia | 155.3 | 104.001:00 | 220.204:00 | 116.2 | 01:00-04:00112.7 EUR/MWh | Low 104.0 · High 220.2Lowest at 01:00Highest at 04:00Low 104.0 · High 220.2 |
| 24 | 🇭🇷Croatia | 155.6 | 104.001:00 | 226.504:00 | 122.5 | 01:00-04:00112.4 EUR/MWh | Low 104.0 · High 226.5Lowest at 01:00Highest at 04:00Low 104.0 · High 226.5 |
| 25 | 🇦🇹Austria | 160.4 | 80.102:00 | 216.004:00 | 135.9 | 02:00-05:00119.3 EUR/MWh | Low 80.1 · High 216.0Lowest at 02:00Highest at 04:00Low 80.1 · High 216.0 |
| 26 | 🇭🇺Hungary | 163.3 | 104.001:00 | 240.504:00 | 136.5 | 01:00-04:00112.0 EUR/MWh | Low 104.0 · High 240.5Lowest at 01:00Highest at 04:00Low 104.0 · High 240.5 |
| 27 | 🇸🇰Slovakia | 163.8 | 104.001:00 | 251.204:00 | 147.2 | 01:00-04:00111.1 EUR/MWh | Low 104.0 · High 251.2Lowest at 01:00Highest at 04:00Low 104.0 · High 251.2 |
| 28 | 🇱🇹Lithuania | 172.8 | 105.702:00 | 270.905:00 | 165.1 | 02:00-05:00113.6 EUR/MWh | Low 105.7 · High 270.9Lowest at 02:00Highest at 05:00Low 105.7 · High 270.9 |
| 29 | 🇱🇻Latvia | 172.8 | 105.702:00 | 270.905:00 | 165.1 | 02:00-05:00113.6 EUR/MWh | Low 105.7 · High 270.9Lowest at 02:00Highest at 05:00Low 105.7 · High 270.9 |
| 30 | 🇫🇮Finland | 173.6 | 105.702:00 | 270.605:00 | 164.9 | 02:00-05:00113.6 EUR/MWh | Low 105.7 · High 270.6Lowest at 02:00Highest at 05:00Low 105.7 · High 270.6 |
| 31 | 🇪🇪Estonia | 173.9 | 105.702:00 | 270.905:00 | 165.1 | 02:00-05:00113.6 EUR/MWh | Low 105.7 · High 270.9Lowest at 02:00Highest at 05:00Low 105.7 · High 270.9 |
On Wednesday, January 28, 2026, Spain ranked lowest by average wholesale reference price, while Estonia ranked highest. The widest price spread was in Bulgaria: 189.3 EUR/MWh.
Daily country electricity price ranking for 2026-01-28, 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, SMARD Bundesnetzagentur
MethodologyMonthly archiveEuropean volatility reportHousehold prices by country