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 | 🇵🇹Portugal | 8.0 | -0.104:00 | 38.403:00 | 38.4 | 04:00-07:000.0 EUR/MWh | Low -0.1 · High 38.4Lowest at 04:00Highest at 03:00Low -0.1 · High 38.4 |
| 2 | 🇪🇸Spain | 17.9 | -9.712:00 | 65.104:00 | 74.8 | 12:00-15:00-2.5 EUR/MWh | Low -9.7 · High 65.1Lowest at 12:00Highest at 04:00Low -9.7 · High 65.1 |
| 3 | 🇲🇪Montenegro | 74.3 | 41.202:00 | 99.004:00 | 57.8 | 02:00-05:0042.4 EUR/MWh | Low 41.2 · High 99.0Lowest at 02:00Highest at 04:00Low 41.2 · High 99.0 |
| 4 | 🇲🇰North Macedonia | 84.8 | 43.102:00 | 111.704:00 | 68.6 | 02:00-05:0045.7 EUR/MWh | Low 43.1 · High 111.7Lowest at 02:00Highest at 04:00Low 43.1 · High 111.7 |
| 5 | 🇦🇱Albania | 87.6 | 44.102:00 | 123.004:00 | 78.9 | 02:00-05:0049.1 EUR/MWh | Low 44.1 · High 123.0Lowest at 02:00Highest at 04:00Low 44.1 · High 123.0 |
| 6 | 🇫🇷France | 88.7 | 49.903:00 | 137.604:00 | 87.7 | 03:00-06:0072.2 EUR/MWh | Low 49.9 · High 137.6Lowest at 03:00Highest at 04:00Low 49.9 · High 137.6 |
| 7 | 🇧🇷Brazil 4 price areas | 92.7 | 56.111:00 | 266.900:00 | 210.8 | 11:00-14:0059.2 EUR/MWh | Low 56.1 · High 266.9Lowest at 11:00Highest at 00:00Low 56.1 · High 266.9 |
| 8 | 🇩🇰Denmark 2 price areas | 98.2 | 78.203:00 | 130.004:00 | 51.7 | 03:00-06:0087.0 EUR/MWh | Low 78.2 · High 130.0Lowest at 03:00Highest at 04:00Low 78.2 · High 130.0 |
| 9 | 🇷🇸Serbia | 99.7 | 53.002:00 | 150.204:00 | 97.2 | 02:00-05:0059.3 EUR/MWh | Low 53.0 · High 150.2Lowest at 02:00Highest at 04:00Low 53.0 · High 150.2 |
| 10 | 🇧🇪Belgium | 101.0 | 79.821:00 | 138.104:00 | 58.4 | 21:00-00:0089.5 EUR/MWh | Low 79.8 · High 138.1Lowest at 21:00Highest at 04:00Low 79.8 · High 138.1 |
| 11 | 🇳🇱Netherlands | 101.2 | 79.821:00 | 137.804:00 | 58.0 | 21:00-00:0090.5 EUR/MWh | Low 79.8 · High 137.8Lowest at 21:00Highest at 04:00Low 79.8 · High 137.8 |
| 12 | 🇬🇷Greece | 101.5 | 0.014:00 | 137.705:00 | 137.7 | 14:00-17:0073.8 EUR/MWh | Low 0.0 · High 137.7Lowest at 14:00Highest at 05:00Low 0.0 · High 137.7 |
| 13 | 🇳🇴Norway 5 price areas | 102.8 | 85.301:00 | 133.904:00 | 48.7 | 01:00-04:0093.8 EUR/MWh | Low 85.3 · High 133.9Lowest at 01:00Highest at 04:00Low 85.3 · High 133.9 |
| 14 | 🇱🇺Luxembourg | 103.0 | 86.321:00 | 131.604:00 | 45.3 | 21:00-00:0091.6 EUR/MWh | Low 86.3 · High 131.6Lowest at 21:00Highest at 04:00Low 86.3 · High 131.6 |
| 15 | 🇸🇪Sweden 4 price areas | 103.4 | 74.621:00 | 146.604:00 | 71.9 | 21:00-00:0089.3 EUR/MWh | Low 74.6 · High 146.6Lowest at 21:00Highest at 04:00Low 74.6 · High 146.6 |
| 16 | 🇮🇪Ireland | 104.7 | 82.521:00 | 128.803:00 | 46.4 | 21:00-00:0087.9 EUR/MWh | Low 82.5 · High 128.8Lowest at 21:00Highest at 03:00Low 82.5 · High 128.8 |
| 17 | 🇩🇪Germany / Lux. | 106.8 | 86.001:00 | 148.104:00 | 62.1 | 01:00-04:0091.9 EUR/MWh | Low 86.0 · High 148.1Lowest at 01:00Highest at 04:00Low 86.0 · High 148.1 |
| 18 | 🇨🇿Czechia | 127.3 | 79.821:00 | 190.704:00 | 110.9 | 21:00-00:0097.4 EUR/MWh | Low 79.8 · High 190.7Lowest at 21:00Highest at 04:00Low 79.8 · High 190.7 |
| 19 | 🇧🇬Bulgaria | 130.2 | 87.903:00 | 169.405:00 | 81.5 | 03:00-06:00102.8 EUR/MWh | Low 87.9 · High 169.4Lowest at 03:00Highest at 05:00Low 87.9 · High 169.4 |
| 20 | 🇷🇴Romania | 130.2 | 87.903:00 | 169.405:00 | 81.5 | 03:00-06:00102.8 EUR/MWh | Low 87.9 · High 169.4Lowest at 03:00Highest at 05:00Low 87.9 · High 169.4 |
| 21 | 🇭🇷Croatia | 130.4 | 79.821:00 | 165.804:00 | 86.0 | 21:00-00:00100.9 EUR/MWh | Low 79.8 · High 165.8Lowest at 21:00Highest at 04:00Low 79.8 · High 165.8 |
| 22 | 🇸🇮Slovenia | 130.5 | 79.821:00 | 164.404:00 | 84.6 | 21:00-00:00101.3 EUR/MWh | Low 79.8 · High 164.4Lowest at 21:00Highest at 04:00Low 79.8 · High 164.4 |
| 23 | 🇸🇰Slovakia | 132.4 | 79.821:00 | 173.604:00 | 93.8 | 21:00-00:00100.0 EUR/MWh | Low 79.8 · High 173.6Lowest at 21:00Highest at 04:00Low 79.8 · High 173.6 |
| 24 | 🇭🇺Hungary | 132.6 | 79.821:00 | 170.504:00 | 90.8 | 21:00-00:00100.7 EUR/MWh | Low 79.8 · High 170.5Lowest at 21:00Highest at 04:00Low 79.8 · High 170.5 |
| 25 | 🇮🇹Italy 7 price areas | 133.6 | 110.402:00 | 158.304:00 | 47.9 | 02:00-05:00116.0 EUR/MWh | Low 110.4 · High 158.3Lowest at 02:00Highest at 04:00Low 110.4 · High 158.3 |
| 26 | 🇦🇹Austria | 134.3 | 75.001:00 | 169.704:00 | 94.6 | 01:00-04:00102.4 EUR/MWh | Low 75.0 · High 169.7Lowest at 01:00Highest at 04:00Low 75.0 · High 169.7 |
| 27 | 🇨🇭Switzerland | 136.8 | 114.002:00 | 153.604:00 | 39.6 | 02:00-05:00114.9 EUR/MWh | Low 114.0 · High 153.6Lowest at 02:00Highest at 04:00Low 114.0 · High 153.6 |
| 28 | 🇪🇪Estonia | 208.1 | 87.921:00 | 400.005:00 | 312.1 | 21:00-00:00125.2 EUR/MWh | Low 87.9 · High 400.0Lowest at 21:00Highest at 05:00Low 87.9 · High 400.0 |
| 29 | 🇱🇹Lithuania | 208.1 | 87.921:00 | 400.005:00 | 312.1 | 21:00-00:00125.2 EUR/MWh | Low 87.9 · High 400.0Lowest at 21:00Highest at 05:00Low 87.9 · High 400.0 |
| 30 | 🇱🇻Latvia | 208.1 | 87.921:00 | 400.005:00 | 312.1 | 21:00-00:00125.2 EUR/MWh | Low 87.9 · High 400.0Lowest at 21:00Highest at 05:00Low 87.9 · High 400.0 |
| 31 | 🇫🇮Finland | 209.9 | 87.921:00 | 399.705:00 | 311.8 | 21:00-00:00125.2 EUR/MWh | Low 87.9 · High 399.7Lowest at 21:00Highest at 05:00Low 87.9 · High 399.7 |
On Wednesday, February 4, 2026, Portugal ranked lowest by average wholesale reference price, while Finland ranked highest. The widest price spread was in Estonia: 312.1 EUR/MWh.
Daily country electricity price ranking for 2026-02-04, 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