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 | 4.8 | 0.212:00 | 23.003:00 | 22.8 | 12:00-15:000.3 EUR/MWh | Low 0.2 · High 23.0Lowest at 12:00Highest at 03:00Low 0.2 · High 23.0 |
| 2 | 🇪🇸Spain | 16.5 | -7.413:00 | 90.004:00 | 97.4 | 13:00-16:00-2.8 EUR/MWh | Low -7.4 · High 90.0Lowest at 13:00Highest at 04:00Low -7.4 · High 90.0 |
| 3 | 🇫🇷France | 30.0 | 0.013:00 | 90.004:00 | 90.0 | 13:00-16:006.5 EUR/MWh | Low 0.0 · High 90.0Lowest at 13:00Highest at 04:00Low 0.0 · High 90.0 |
| 4 | 🇲🇪Montenegro | 52.6 | 0.009:00 | 110.004:00 | 110.0 | 09:00-12:001.0 EUR/MWh | Low 0.0 · High 110.0Lowest at 09:00Highest at 04:00Low 0.0 · High 110.0 |
| 5 | 🇷🇸Serbia | 61.2 | 21.012:00 | 120.004:00 | 99.0 | 12:00-15:0022.9 EUR/MWh | Low 21.0 · High 120.0Lowest at 12:00Highest at 04:00Low 21.0 · High 120.0 |
| 6 | 🇬🇷Greece | 62.5 | -1.011:00 | 173.305:00 | 174.3 | 11:00-14:00-0.6 EUR/MWh | Low -1.0 · High 173.3Lowest at 11:00Highest at 05:00Low -1.0 · High 173.3 |
| 7 | 🇲🇰North Macedonia | 67.1 | 0.113:00 | 125.004:00 | 124.9 | 13:00-16:0021.7 EUR/MWh | Low 0.1 · High 125.0Lowest at 13:00Highest at 04:00Low 0.1 · High 125.0 |
| 8 | 🇧🇷Brazil 4 price areas | 69.7 | 53.709:00 | 101.900:00 | 48.2 | 09:00-12:0055.8 EUR/MWh | Low 53.7 · High 101.9Lowest at 09:00Highest at 00:00Low 53.7 · High 101.9 |
| 9 | 🇧🇬Bulgaria | 70.4 | 0.001:00 | 173.305:00 | 173.3 | 01:00-04:0013.2 EUR/MWh | Low 0.0 · High 173.3Lowest at 01:00Highest at 05:00Low 0.0 · High 173.3 |
| 10 | 🇷🇴Romania | 70.4 | 0.001:00 | 173.305:00 | 173.3 | 01:00-04:0013.2 EUR/MWh | Low 0.0 · High 173.3Lowest at 01:00Highest at 05:00Low 0.0 · High 173.3 |
| 11 | 🇧🇪Belgium | 86.9 | 58.412:00 | 155.304:00 | 96.9 | 12:00-15:0072.9 EUR/MWh | Low 58.4 · High 155.3Lowest at 12:00Highest at 04:00Low 58.4 · High 155.3 |
| 12 | 🇮🇪Ireland | 91.4 | 65.803:00 | 135.103:00 | 69.4 | 03:00-06:0065.9 EUR/MWh | Low 65.8 · High 135.1Lowest at 03:00Highest at 03:00Low 65.8 · High 135.1 |
| 13 | 🇳🇱Netherlands | 96.9 | 37.512:00 | 193.704:00 | 156.2 | 12:00-15:0079.6 EUR/MWh | Low 37.5 · High 193.7Lowest at 12:00Highest at 04:00Low 37.5 · High 193.7 |
| 14 | 🇩🇪Germany / Lux. | 108.5 | 80.000:00 | 188.504:00 | 108.5 | 00:00-03:0086.4 EUR/MWh | Low 80.0 · High 188.5Lowest at 00:00Highest at 04:00Low 80.0 · High 188.5 |
| 15 | 🇮🇹Italy 7 price areas | 112.2 | 76.612:00 | 140.304:00 | 63.7 | 12:00-15:0090.3 EUR/MWh | Low 76.6 · High 140.3Lowest at 12:00Highest at 04:00Low 76.6 · High 140.3 |
| 16 | 🇦🇹Austria | 113.3 | 60.100:00 | 170.004:00 | 109.9 | 00:00-03:0089.0 EUR/MWh | Low 60.1 · High 170.0Lowest at 00:00Highest at 04:00Low 60.1 · High 170.0 |
| 17 | 🇭🇷Croatia | 113.8 | 75.701:00 | 179.704:00 | 104.0 | 01:00-04:0080.7 EUR/MWh | Low 75.7 · High 179.7Lowest at 01:00Highest at 04:00Low 75.7 · High 179.7 |
| 18 | 🇱🇺Luxembourg | 114.2 | 89.502:00 | 186.104:00 | 96.6 | 02:00-05:0093.1 EUR/MWh | Low 89.5 · High 186.1Lowest at 02:00Highest at 04:00Low 89.5 · High 186.1 |
| 19 | 🇨🇭Switzerland | 114.4 | 94.801:00 | 161.504:00 | 66.6 | 01:00-04:0095.5 EUR/MWh | Low 94.8 · High 161.5Lowest at 01:00Highest at 04:00Low 94.8 · High 161.5 |
| 20 | 🇸🇮Slovenia | 120.6 | 89.701:00 | 187.004:00 | 97.3 | 01:00-04:0093.3 EUR/MWh | Low 89.7 · High 187.0Lowest at 01:00Highest at 04:00Low 89.7 · High 187.0 |
| 21 | 🇨🇿Czechia | 122.5 | 91.101:00 | 203.204:00 | 112.2 | 01:00-04:0097.8 EUR/MWh | Low 91.1 · High 203.2Lowest at 01:00Highest at 04:00Low 91.1 · High 203.2 |
| 22 | 🇳🇴Norway 5 price areas | 127.4 | 78.100:00 | 207.104:00 | 129.0 | 00:00-03:0087.8 EUR/MWh | Low 78.1 · High 207.1Lowest at 00:00Highest at 04:00Low 78.1 · High 207.1 |
| 23 | 🇸🇰Slovakia | 127.6 | 95.301:00 | 205.604:00 | 110.3 | 01:00-04:00101.6 EUR/MWh | Low 95.3 · High 205.6Lowest at 01:00Highest at 04:00Low 95.3 · High 205.6 |
| 24 | 🇫🇮Finland | 128.6 | 48.501:00 | 209.605:00 | 161.2 | 01:00-04:0064.6 EUR/MWh | Low 48.5 · High 209.6Lowest at 01:00Highest at 05:00Low 48.5 · High 209.6 |
| 25 | 🇭🇺Hungary | 128.7 | 95.101:00 | 207.804:00 | 112.7 | 01:00-04:00104.0 EUR/MWh | Low 95.1 · High 207.8Lowest at 01:00Highest at 04:00Low 95.1 · High 207.8 |
| 26 | 🇸🇪Sweden 4 price areas | 130.6 | 57.800:00 | 209.704:00 | 151.9 | 00:00-03:0071.1 EUR/MWh | Low 57.8 · High 209.7Lowest at 00:00Highest at 04:00Low 57.8 · High 209.7 |
| 27 | 🇩🇰Denmark 2 price areas | 136.4 | 86.102:00 | 302.104:00 | 216.1 | 02:00-05:0093.1 EUR/MWh | Low 86.1 · High 302.1Lowest at 02:00Highest at 04:00Low 86.1 · High 302.1 |
| 28 | 🇪🇪Estonia | 138.3 | 77.201:00 | 209.705:00 | 132.5 | 01:00-04:0084.7 EUR/MWh | Low 77.2 · High 209.7Lowest at 01:00Highest at 05:00Low 77.2 · High 209.7 |
| 29 | 🇱🇹Lithuania | 138.4 | 77.201:00 | 209.705:00 | 132.5 | 01:00-04:0085.5 EUR/MWh | Low 77.2 · High 209.7Lowest at 01:00Highest at 05:00Low 77.2 · High 209.7 |
| 30 | 🇱🇻Latvia | 138.4 | 77.201:00 | 209.705:00 | 132.5 | 01:00-04:0085.5 EUR/MWh | Low 77.2 · High 209.7Lowest at 01:00Highest at 05:00Low 77.2 · High 209.7 |
On Wednesday, February 18, 2026, Portugal ranked lowest by average wholesale reference price, while Lithuania ranked highest. The widest price spread was in Denmark: 216.1 EUR/MWh.
Daily country electricity price ranking for 2026-02-18, 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