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 | 12:00-15:00 0.3 EUR/MWh | Low 0.2 · High 23.0 Lowest at 12:00 Highest at 03:00 Low 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 90.0 Lowest at 13:00 Highest at 04:00 Low -7.4 · High 90.0 |
| 3 | 🇫🇷 France | 30.0 | 0.013:00 | 90.004:00 | 90.0 | 13:00-16:00 6.5 EUR/MWh | Low 0.0 · High 90.0 Lowest at 13:00 Highest at 04:00 Low 0.0 · High 90.0 |
| 4 | 🇲🇪 Montenegro | 52.6 | 0.009:00 | 110.004:00 | 110.0 | 09:00-12:00 1.0 EUR/MWh | Low 0.0 · High 110.0 Lowest at 09:00 Highest at 04:00 Low 0.0 · High 110.0 |
| 5 | 🇷🇸 Serbia | 61.2 | 21.012:00 | 120.004:00 | 99.0 | 12:00-15:00 22.9 EUR/MWh | Low 21.0 · High 120.0 Lowest at 12:00 Highest at 04:00 Low 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 173.3 Lowest at 11:00 Highest at 05:00 Low -1.0 · High 173.3 |
| 7 | 🇲🇰 North Macedonia | 67.1 | 0.113:00 | 125.004:00 | 124.9 | 13:00-16:00 21.7 EUR/MWh | Low 0.1 · High 125.0 Lowest at 13:00 Highest at 04:00 Low 0.1 · High 125.0 |
| 8 | 🇧🇷 Brazil 4 price areas | 69.7 | 53.709:00 | 101.900:00 | 48.2 | 09:00-12:00 55.8 EUR/MWh | Low 53.7 · High 101.9 Lowest at 09:00 Highest at 00:00 Low 53.7 · High 101.9 |
| 9 | 🇧🇬 Bulgaria | 70.4 | 0.001:00 | 173.305:00 | 173.3 | 01:00-04:00 13.2 EUR/MWh | Low 0.0 · High 173.3 Lowest at 01:00 Highest at 05:00 Low 0.0 · High 173.3 |
| 10 | 🇷🇴 Romania | 70.4 | 0.001:00 | 173.305:00 | 173.3 | 01:00-04:00 13.2 EUR/MWh | Low 0.0 · High 173.3 Lowest at 01:00 Highest at 05:00 Low 0.0 · High 173.3 |
| 11 | 🇧🇪 Belgium | 86.9 | 58.412:00 | 155.304:00 | 96.9 | 12:00-15:00 72.9 EUR/MWh | Low 58.4 · High 155.3 Lowest at 12:00 Highest at 04:00 Low 58.4 · High 155.3 |
| 12 | 🇮🇪 Ireland | 91.4 | 65.803:00 | 135.103:00 | 69.4 | 03:00-06:00 65.9 EUR/MWh | Low 65.8 · High 135.1 Lowest at 03:00 Highest at 03:00 Low 65.8 · High 135.1 |
| 13 | 🇳🇱 Netherlands | 96.9 | 37.512:00 | 193.704:00 | 156.2 | 12:00-15:00 79.6 EUR/MWh | Low 37.5 · High 193.7 Lowest at 12:00 Highest at 04:00 Low 37.5 · High 193.7 |
| 14 | 🇩🇪 Germany / Lux. | 108.5 | 80.000:00 | 188.504:00 | 108.5 | 00:00-03:00 86.4 EUR/MWh | Low 80.0 · High 188.5 Lowest at 00:00 Highest at 04:00 Low 80.0 · High 188.5 |
| 15 | 🇮🇹 Italy 7 price areas | 112.2 | 76.612:00 | 140.304:00 | 63.7 | 12:00-15:00 90.3 EUR/MWh | Low 76.6 · High 140.3 Lowest at 12:00 Highest at 04:00 Low 76.6 · High 140.3 |
| 16 | 🇦🇹 Austria | 113.3 | 60.100:00 | 170.004:00 | 109.9 | 00:00-03:00 89.0 EUR/MWh | Low 60.1 · High 170.0 Lowest at 00:00 Highest at 04:00 Low 60.1 · High 170.0 |
| 17 | 🇭🇷 Croatia | 113.8 | 75.701:00 | 179.704:00 | 104.0 | 01:00-04:00 80.7 EUR/MWh | Low 75.7 · High 179.7 Lowest at 01:00 Highest at 04:00 Low 75.7 · High 179.7 |
| 18 | 🇱🇺 Luxembourg | 114.2 | 89.502:00 | 186.104:00 | 96.6 | 02:00-05:00 93.1 EUR/MWh | Low 89.5 · High 186.1 Lowest at 02:00 Highest at 04:00 Low 89.5 · High 186.1 |
| 19 | 🇨🇭 Switzerland | 114.4 | 94.801:00 | 161.504:00 | 66.6 | 01:00-04:00 95.5 EUR/MWh | Low 94.8 · High 161.5 Lowest at 01:00 Highest at 04:00 Low 94.8 · High 161.5 |
| 20 | 🇸🇮 Slovenia | 120.6 | 89.701:00 | 187.004:00 | 97.3 | 01:00-04:00 93.3 EUR/MWh | Low 89.7 · High 187.0 Lowest at 01:00 Highest at 04:00 Low 89.7 · High 187.0 |
| 21 | 🇨🇿 Czechia | 122.5 | 91.101:00 | 203.204:00 | 112.2 | 01:00-04:00 97.8 EUR/MWh | Low 91.1 · High 203.2 Lowest at 01:00 Highest at 04:00 Low 91.1 · High 203.2 |
| 22 | 🇳🇴 Norway 5 price areas | 127.4 | 78.100:00 | 207.104:00 | 129.0 | 00:00-03:00 87.8 EUR/MWh | Low 78.1 · High 207.1 Lowest at 00:00 Highest at 04:00 Low 78.1 · High 207.1 |
| 23 | 🇸🇰 Slovakia | 127.6 | 95.301:00 | 205.604:00 | 110.3 | 01:00-04:00 101.6 EUR/MWh | Low 95.3 · High 205.6 Lowest at 01:00 Highest at 04:00 Low 95.3 · High 205.6 |
| 24 | 🇫🇮 Finland | 128.6 | 48.501:00 | 209.605:00 | 161.2 | 01:00-04:00 64.6 EUR/MWh | Low 48.5 · High 209.6 Lowest at 01:00 Highest at 05:00 Low 48.5 · High 209.6 |
| 25 | 🇭🇺 Hungary | 128.7 | 95.101:00 | 207.804:00 | 112.7 | 01:00-04:00 104.0 EUR/MWh | Low 95.1 · High 207.8 Lowest at 01:00 Highest at 04:00 Low 95.1 · High 207.8 |
| 26 | 🇸🇪 Sweden 4 price areas | 130.6 | 57.800:00 | 209.704:00 | 151.9 | 00:00-03:00 71.1 EUR/MWh | Low 57.8 · High 209.7 Lowest at 00:00 Highest at 04:00 Low 57.8 · High 209.7 |
| 27 | 🇩🇰 Denmark 2 price areas | 136.4 | 86.102:00 | 302.104:00 | 216.1 | 02:00-05:00 93.1 EUR/MWh | Low 86.1 · High 302.1 Lowest at 02:00 Highest at 04:00 Low 86.1 · High 302.1 |
| 28 | 🇪🇪 Estonia | 138.3 | 77.201:00 | 209.705:00 | 132.5 | 01:00-04:00 84.7 EUR/MWh | Low 77.2 · High 209.7 Lowest at 01:00 Highest at 05:00 Low 77.2 · High 209.7 |
| 29 | 🇱🇹 Lithuania | 138.4 | 77.201:00 | 209.705:00 | 132.5 | 01:00-04:00 85.5 EUR/MWh | Low 77.2 · High 209.7 Lowest at 01:00 Highest at 05:00 Low 77.2 · High 209.7 |
| 30 | 🇱🇻 Latvia | 138.4 | 77.201:00 | 209.705:00 | 132.5 | 01:00-04:00 85.5 EUR/MWh | Low 77.2 · High 209.7 Lowest at 01:00 Highest at 05:00 Low 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.
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