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 | 1.0 | -13.403:00 | 35.004:00 | 48.4 | 03:00-06:00-7.1 EUR/MWh | Low -13.4 · High 35.0Lowest at 03:00Highest at 04:00Low -13.4 · High 35.0 |
| 2 | 🇵🇹Portugal | 5.9 | -0.509:00 | 35.003:00 | 35.5 | 09:00-12:00-0.4 EUR/MWh | Low -0.5 · High 35.0Lowest at 09:00Highest at 03:00Low -0.5 · High 35.0 |
| 3 | 🇧🇷Brazil 4 price areas | 54.1 | 19.810:00 | 68.100:00 | 48.3 | 10:00-13:0019.9 EUR/MWh | Low 19.8 · High 68.1Lowest at 10:00Highest at 00:00Low 19.8 · High 68.1 |
| 4 | 🇦🇱Albania | 71.8 | 21.211:00 | 165.504:00 | 144.3 | 11:00-14:0023.6 EUR/MWh | Low 21.2 · High 165.5Lowest at 11:00Highest at 04:00Low 21.2 · High 165.5 |
| 5 | 🇸🇪Sweden 4 price areas | 74.6 | 52.721:00 | 101.404:00 | 48.7 | 21:00-00:0064.6 EUR/MWh | Low 52.7 · High 101.4Lowest at 21:00Highest at 04:00Low 52.7 · High 101.4 |
| 6 | 🇷🇸Serbia | 93.6 | 59.503:00 | 131.504:00 | 72.0 | 03:00-06:0063.8 EUR/MWh | Low 59.5 · High 131.5Lowest at 03:00Highest at 04:00Low 59.5 · High 131.5 |
| 7 | 🇩🇰Denmark 2 price areas | 94.5 | 73.104:00 | 121.204:00 | 48.2 | 04:00-07:0078.7 EUR/MWh | Low 73.1 · High 121.2Lowest at 04:00Highest at 04:00Low 73.1 · High 121.2 |
| 8 | 🇳🇴Norway 5 price areas | 94.8 | 84.604:00 | 107.604:00 | 22.9 | 04:00-07:0090.7 EUR/MWh | Low 84.6 · High 107.6Lowest at 04:00Highest at 04:00Low 84.6 · High 107.6 |
| 9 | 🇲🇪Montenegro | 97.1 | 57.002:00 | 133.004:00 | 76.0 | 02:00-05:0060.0 EUR/MWh | Low 57.0 · High 133.0Lowest at 02:00Highest at 04:00Low 57.0 · High 133.0 |
| 10 | 🇲🇰North Macedonia | 99.8 | 65.003:00 | 133.004:00 | 68.0 | 03:00-06:0069.7 EUR/MWh | Low 65.0 · High 133.0Lowest at 03:00Highest at 04:00Low 65.0 · High 133.0 |
| 11 | 🇬🇷Greece | 106.6 | 47.512:00 | 155.005:00 | 107.5 | 12:00-15:0075.3 EUR/MWh | Low 47.5 · High 155.0Lowest at 12:00Highest at 05:00Low 47.5 · High 155.0 |
| 12 | 🇩🇪Germany / Lux. | 107.2 | 84.603:00 | 140.704:00 | 56.1 | 03:00-06:0089.8 EUR/MWh | Low 84.6 · High 140.7Lowest at 03:00Highest at 04:00Low 84.6 · High 140.7 |
| 13 | 🇱🇺Luxembourg | 109.4 | 92.905:00 | 138.004:00 | 45.1 | 05:00-08:0093.5 EUR/MWh | Low 92.9 · High 138.0Lowest at 05:00Highest at 04:00Low 92.9 · High 138.0 |
| 14 | 🇬🇧Great Britain wholesale | 110.9 | 98.800:00 | 130.903:00 | 32.0 | 00:00-03:00101.3 EUR/MWh | Low 98.8 · High 130.9Lowest at 00:00Highest at 03:00Low 98.8 · High 130.9 |
| 15 | 🇫🇷France | 111.6 | 91.002:00 | 145.504:00 | 54.5 | 02:00-05:0096.0 EUR/MWh | Low 91.0 · High 145.5Lowest at 02:00Highest at 04:00Low 91.0 · High 145.5 |
| 16 | 🇧🇪Belgium | 112.8 | 90.602:00 | 146.504:00 | 55.9 | 02:00-05:0096.6 EUR/MWh | Low 90.6 · High 146.5Lowest at 02:00Highest at 04:00Low 90.6 · High 146.5 |
| 17 | 🇳🇱Netherlands | 113.1 | 90.102:00 | 152.704:00 | 62.6 | 02:00-05:0094.7 EUR/MWh | Low 90.1 · High 152.7Lowest at 02:00Highest at 04:00Low 90.1 · High 152.7 |
| 18 | 🇨🇿Czechia | 113.3 | 92.701:00 | 144.404:00 | 51.7 | 01:00-04:0097.0 EUR/MWh | Low 92.7 · High 144.4Lowest at 01:00Highest at 04:00Low 92.7 · High 144.4 |
| 19 | 🇸🇰Slovakia | 116.0 | 95.101:00 | 149.204:00 | 54.2 | 01:00-04:0097.6 EUR/MWh | Low 95.1 · High 149.2Lowest at 01:00Highest at 04:00Low 95.1 · High 149.2 |
| 20 | 🇧🇬Bulgaria | 117.5 | 95.802:00 | 155.005:00 | 59.3 | 02:00-05:0097.9 EUR/MWh | Low 95.8 · High 155.0Lowest at 02:00Highest at 05:00Low 95.8 · High 155.0 |
| 21 | 🇷🇴Romania | 117.5 | 95.802:00 | 155.005:00 | 59.3 | 02:00-05:0097.9 EUR/MWh | Low 95.8 · High 155.0Lowest at 02:00Highest at 05:00Low 95.8 · High 155.0 |
| 22 | 🇭🇺Hungary | 117.6 | 95.901:00 | 152.104:00 | 56.2 | 01:00-04:0097.9 EUR/MWh | Low 95.9 · High 152.1Lowest at 01:00Highest at 04:00Low 95.9 · High 152.1 |
| 23 | 🇭🇷Croatia | 117.8 | 96.201:00 | 150.004:00 | 53.8 | 01:00-04:0098.1 EUR/MWh | Low 96.2 · High 150.0Lowest at 01:00Highest at 04:00Low 96.2 · High 150.0 |
| 24 | 🇸🇮Slovenia | 118.2 | 96.201:00 | 148.804:00 | 52.6 | 01:00-04:0098.2 EUR/MWh | Low 96.2 · High 148.8Lowest at 01:00Highest at 04:00Low 96.2 · High 148.8 |
| 25 | 🇦🇹Austria | 124.6 | 76.101:00 | 158.704:00 | 82.7 | 01:00-04:00103.2 EUR/MWh | Low 76.1 · High 158.7Lowest at 01:00Highest at 04:00Low 76.1 · High 158.7 |
| 26 | 🇨🇭Switzerland | 129.6 | 120.003:00 | 144.204:00 | 24.2 | 03:00-06:00121.0 EUR/MWh | Low 120.0 · High 144.2Lowest at 03:00Highest at 04:00Low 120.0 · High 144.2 |
| 27 | 🇮🇹Italy 7 price areas | 131.2 | 116.212:00 | 150.504:00 | 34.4 | 12:00-15:00120.4 EUR/MWh | Low 116.2 · High 150.5Lowest at 12:00Highest at 04:00Low 116.2 · High 150.5 |
| 28 | 🇱🇹Lithuania | 134.3 | 71.100:00 | 221.505:00 | 150.4 | 00:00-03:0093.7 EUR/MWh | Low 71.1 · High 221.5Lowest at 00:00Highest at 05:00Low 71.1 · High 221.5 |
| 29 | 🇱🇻Latvia | 134.3 | 71.100:00 | 221.505:00 | 150.4 | 00:00-03:0093.7 EUR/MWh | Low 71.1 · High 221.5Lowest at 00:00Highest at 05:00Low 71.1 · High 221.5 |
| 30 | 🇮🇪Ireland | 148.6 | 102.903:00 | 231.003:00 | 128.1 | 03:00-06:00104.6 EUR/MWh | Low 102.9 · High 231.0Lowest at 03:00Highest at 03:00Low 102.9 · High 231.0 |
| 31 | 🇫🇮Finland | 158.6 | 90.221:00 | 221.405:00 | 131.2 | 21:00-00:00115.9 EUR/MWh | Low 90.2 · High 221.4Lowest at 21:00Highest at 05:00Low 90.2 · High 221.4 |
| 32 | 🇪🇪Estonia | 158.8 | 90.221:00 | 221.505:00 | 131.3 | 21:00-00:00116.0 EUR/MWh | Low 90.2 · High 221.5Lowest at 21:00Highest at 05:00Low 90.2 · High 221.5 |
On Saturday, January 31, 2026, Spain ranked lowest by average wholesale reference price, while Estonia ranked highest. The widest price spread was in Lithuania: 150.4 EUR/MWh.
Daily country electricity price ranking for 2026-01-31, 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, Elexon BMRS Open Data
MethodologyMonthly archiveEuropean volatility reportHousehold prices by country