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 | 04:00-07:00 0.0 EUR/MWh | Low -0.1 · High 38.4 Lowest at 04:00 Highest at 03:00 Low -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 65.1 Lowest at 12:00 Highest at 04:00 Low -9.7 · High 65.1 |
| 3 | 🇲🇪 Montenegro | 74.3 | 41.202:00 | 99.004:00 | 57.8 | 02:00-05:00 42.4 EUR/MWh | Low 41.2 · High 99.0 Lowest at 02:00 Highest at 04:00 Low 41.2 · High 99.0 |
| 4 | 🇲🇰 North Macedonia | 84.8 | 43.102:00 | 111.704:00 | 68.6 | 02:00-05:00 45.7 EUR/MWh | Low 43.1 · High 111.7 Lowest at 02:00 Highest at 04:00 Low 43.1 · High 111.7 |
| 5 | 🇦🇱 Albania | 87.6 | 44.102:00 | 123.004:00 | 78.9 | 02:00-05:00 49.1 EUR/MWh | Low 44.1 · High 123.0 Lowest at 02:00 Highest at 04:00 Low 44.1 · High 123.0 |
| 6 | 🇫🇷 France | 88.7 | 49.903:00 | 137.604:00 | 87.7 | 03:00-06:00 72.2 EUR/MWh | Low 49.9 · High 137.6 Lowest at 03:00 Highest at 04:00 Low 49.9 · High 137.6 |
| 7 | 🇧🇷 Brazil 4 price areas | 92.7 | 56.111:00 | 266.900:00 | 210.8 | 11:00-14:00 59.2 EUR/MWh | Low 56.1 · High 266.9 Lowest at 11:00 Highest at 00:00 Low 56.1 · High 266.9 |
| 8 | 🇩🇰 Denmark 2 price areas | 98.2 | 78.203:00 | 130.004:00 | 51.7 | 03:00-06:00 87.0 EUR/MWh | Low 78.2 · High 130.0 Lowest at 03:00 Highest at 04:00 Low 78.2 · High 130.0 |
| 9 | 🇷🇸 Serbia | 99.7 | 53.002:00 | 150.204:00 | 97.2 | 02:00-05:00 59.3 EUR/MWh | Low 53.0 · High 150.2 Lowest at 02:00 Highest at 04:00 Low 53.0 · High 150.2 |
| 10 | 🇧🇪 Belgium | 101.0 | 79.821:00 | 138.104:00 | 58.4 | 21:00-00:00 89.5 EUR/MWh | Low 79.8 · High 138.1 Lowest at 21:00 Highest at 04:00 Low 79.8 · High 138.1 |
| 11 | 🇳🇱 Netherlands | 101.2 | 79.821:00 | 137.804:00 | 58.0 | 21:00-00:00 90.5 EUR/MWh | Low 79.8 · High 137.8 Lowest at 21:00 Highest at 04:00 Low 79.8 · High 137.8 |
| 12 | 🇬🇷 Greece | 101.5 | 0.014:00 | 137.705:00 | 137.7 | 14:00-17:00 73.8 EUR/MWh | Low 0.0 · High 137.7 Lowest at 14:00 Highest at 05:00 Low 0.0 · High 137.7 |
| 13 | 🇳🇴 Norway 5 price areas | 102.8 | 85.301:00 | 133.904:00 | 48.7 | 01:00-04:00 93.8 EUR/MWh | Low 85.3 · High 133.9 Lowest at 01:00 Highest at 04:00 Low 85.3 · High 133.9 |
| 14 | 🇱🇺 Luxembourg | 103.0 | 86.321:00 | 131.604:00 | 45.3 | 21:00-00:00 91.6 EUR/MWh | Low 86.3 · High 131.6 Lowest at 21:00 Highest at 04:00 Low 86.3 · High 131.6 |
| 15 | 🇸🇪 Sweden 4 price areas | 103.4 | 74.621:00 | 146.604:00 | 71.9 | 21:00-00:00 89.3 EUR/MWh | Low 74.6 · High 146.6 Lowest at 21:00 Highest at 04:00 Low 74.6 · High 146.6 |
| 16 | 🇮🇪 Ireland | 104.7 | 82.521:00 | 128.803:00 | 46.4 | 21:00-00:00 87.9 EUR/MWh | Low 82.5 · High 128.8 Lowest at 21:00 Highest at 03:00 Low 82.5 · High 128.8 |
| 17 | 🇩🇪 Germany / Lux. | 106.8 | 86.001:00 | 148.104:00 | 62.1 | 01:00-04:00 91.9 EUR/MWh | Low 86.0 · High 148.1 Lowest at 01:00 Highest at 04:00 Low 86.0 · High 148.1 |
| 18 | 🇨🇿 Czechia | 127.3 | 79.821:00 | 190.704:00 | 110.9 | 21:00-00:00 97.4 EUR/MWh | Low 79.8 · High 190.7 Lowest at 21:00 Highest at 04:00 Low 79.8 · High 190.7 |
| 19 | 🇧🇬 Bulgaria | 130.2 | 87.903:00 | 169.405:00 | 81.5 | 03:00-06:00 102.8 EUR/MWh | Low 87.9 · High 169.4 Lowest at 03:00 Highest at 05:00 Low 87.9 · High 169.4 |
| 20 | 🇷🇴 Romania | 130.2 | 87.903:00 | 169.405:00 | 81.5 | 03:00-06:00 102.8 EUR/MWh | Low 87.9 · High 169.4 Lowest at 03:00 Highest at 05:00 Low 87.9 · High 169.4 |
| 21 | 🇭🇷 Croatia | 130.4 | 79.821:00 | 165.804:00 | 86.0 | 21:00-00:00 100.9 EUR/MWh | Low 79.8 · High 165.8 Lowest at 21:00 Highest at 04:00 Low 79.8 · High 165.8 |
| 22 | 🇸🇮 Slovenia | 130.5 | 79.821:00 | 164.404:00 | 84.6 | 21:00-00:00 101.3 EUR/MWh | Low 79.8 · High 164.4 Lowest at 21:00 Highest at 04:00 Low 79.8 · High 164.4 |
| 23 | 🇸🇰 Slovakia | 132.4 | 79.821:00 | 173.604:00 | 93.8 | 21:00-00:00 100.0 EUR/MWh | Low 79.8 · High 173.6 Lowest at 21:00 Highest at 04:00 Low 79.8 · High 173.6 |
| 24 | 🇭🇺 Hungary | 132.6 | 79.821:00 | 170.504:00 | 90.8 | 21:00-00:00 100.7 EUR/MWh | Low 79.8 · High 170.5 Lowest at 21:00 Highest at 04:00 Low 79.8 · High 170.5 |
| 25 | 🇮🇹 Italy 7 price areas | 133.6 | 110.402:00 | 158.304:00 | 47.9 | 02:00-05:00 116.0 EUR/MWh | Low 110.4 · High 158.3 Lowest at 02:00 Highest at 04:00 Low 110.4 · High 158.3 |
| 26 | 🇦🇹 Austria | 134.3 | 75.001:00 | 169.704:00 | 94.6 | 01:00-04:00 102.4 EUR/MWh | Low 75.0 · High 169.7 Lowest at 01:00 Highest at 04:00 Low 75.0 · High 169.7 |
| 27 | 🇨🇭 Switzerland | 136.8 | 114.002:00 | 153.604:00 | 39.6 | 02:00-05:00 114.9 EUR/MWh | Low 114.0 · High 153.6 Lowest at 02:00 Highest at 04:00 Low 114.0 · High 153.6 |
| 28 | 🇪🇪 Estonia | 208.1 | 87.921:00 | 400.005:00 | 312.1 | 21:00-00:00 125.2 EUR/MWh | Low 87.9 · High 400.0 Lowest at 21:00 Highest at 05:00 Low 87.9 · High 400.0 |
| 29 | 🇱🇹 Lithuania | 208.1 | 87.921:00 | 400.005:00 | 312.1 | 21:00-00:00 125.2 EUR/MWh | Low 87.9 · High 400.0 Lowest at 21:00 Highest at 05:00 Low 87.9 · High 400.0 |
| 30 | 🇱🇻 Latvia | 208.1 | 87.921:00 | 400.005:00 | 312.1 | 21:00-00:00 125.2 EUR/MWh | Low 87.9 · High 400.0 Lowest at 21:00 Highest at 05:00 Low 87.9 · High 400.0 |
| 31 | 🇫🇮 Finland | 209.9 | 87.921:00 | 399.705:00 | 311.8 | 21:00-00:00 125.2 EUR/MWh | Low 87.9 · High 399.7 Lowest at 21:00 Highest at 05:00 Low 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.
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