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 | 14.7 | -10.013:00 | 88.004:00 | 98.0 | 13:00-16:00-3.1 EUR/MWh | Low -10.0 · High 88.0Lowest at 13:00Highest at 04:00Low -10.0 · High 88.0 |
| 2 | 🇵🇹Portugal | 21.6 | 0.001:00 | 88.003:00 | 88.0 | 01:00-04:000.0 EUR/MWh | Low 0.0 · High 88.0Lowest at 01:00Highest at 03:00Low 0.0 · High 88.0 |
| 3 | 🇫🇷France | 40.3 | 0.002:00 | 130.104:00 | 130.1 | 02:00-05:000.6 EUR/MWh | Low 0.0 · High 130.1Lowest at 02:00Highest at 04:00Low 0.0 · High 130.1 |
| 4 | 🇲🇪Montenegro | 53.9 | 10.710:00 | 97.004:00 | 86.3 | 10:00-13:0014.1 EUR/MWh | Low 10.7 · High 97.0Lowest at 10:00Highest at 04:00Low 10.7 · High 97.0 |
| 5 | 🇷🇸Serbia | 54.5 | 2.510:00 | 110.304:00 | 107.9 | 10:00-13:004.2 EUR/MWh | Low 2.5 · High 110.3Lowest at 10:00Highest at 04:00Low 2.5 · High 110.3 |
| 6 | 🇲🇰North Macedonia | 65.6 | 0.108:00 | 113.004:00 | 112.9 | 08:00-11:0023.4 EUR/MWh | Low 0.1 · High 113.0Lowest at 08:00Highest at 04:00Low 0.1 · High 113.0 |
| 7 | 🇧🇷Brazil 4 price areas | 78.0 | 56.511:00 | 156.700:00 | 100.2 | 11:00-14:0063.3 EUR/MWh | Low 56.5 · High 156.7Lowest at 11:00Highest at 00:00Low 56.5 · High 156.7 |
| 8 | 🇧🇬Bulgaria | 80.0 | 8.411:00 | 161.705:00 | 153.2 | 11:00-14:0012.6 EUR/MWh | Low 8.4 · High 161.7Lowest at 11:00Highest at 05:00Low 8.4 · High 161.7 |
| 9 | 🇷🇴Romania | 80.0 | 8.411:00 | 161.705:00 | 153.2 | 11:00-14:0012.6 EUR/MWh | Low 8.4 · High 161.7Lowest at 11:00Highest at 05:00Low 8.4 · High 161.7 |
| 10 | 🇧🇪Belgium | 81.7 | 56.102:00 | 131.604:00 | 75.6 | 02:00-05:0060.5 EUR/MWh | Low 56.1 · High 131.6Lowest at 02:00Highest at 04:00Low 56.1 · High 131.6 |
| 11 | 🇳🇱Netherlands | 84.4 | 64.802:00 | 119.504:00 | 54.7 | 02:00-05:0069.7 EUR/MWh | Low 64.8 · High 119.5Lowest at 02:00Highest at 04:00Low 64.8 · High 119.5 |
| 12 | 🇩🇪Germany / Lux. | 89.9 | 71.802:00 | 112.004:00 | 40.2 | 02:00-05:0075.1 EUR/MWh | Low 71.8 · High 112.0Lowest at 02:00Highest at 04:00Low 71.8 · High 112.0 |
| 13 | 🇬🇷Greece | 91.9 | 0.009:00 | 161.705:00 | 161.7 | 09:00-12:009.5 EUR/MWh | Low 0.0 · High 161.7Lowest at 09:00Highest at 05:00Low 0.0 · High 161.7 |
| 14 | 🇱🇺Luxembourg | 92.9 | 77.702:00 | 113.504:00 | 35.9 | 02:00-05:0080.3 EUR/MWh | Low 77.7 · High 113.5Lowest at 02:00Highest at 04:00Low 77.7 · High 113.5 |
| 15 | 🇮🇪Ireland | 102.8 | 87.712:00 | 135.003:00 | 47.3 | 12:00-15:0088.8 EUR/MWh | Low 87.7 · High 135.0Lowest at 12:00Highest at 03:00Low 87.7 · High 135.0 |
| 16 | 🇮🇹Italy 7 price areas | 105.1 | 47.412:00 | 140.804:00 | 93.4 | 12:00-15:0075.0 EUR/MWh | Low 47.4 · High 140.8Lowest at 12:00Highest at 04:00Low 47.4 · High 140.8 |
| 17 | 🇬🇧Great Britain wholesale | 106.3 | 83.402:00 | 155.103:00 | 71.7 | 02:00-05:0085.5 EUR/MWh | Low 83.4 · High 155.1Lowest at 02:00Highest at 03:00Low 83.4 · High 155.1 |
| 18 | 🇭🇷Croatia | 108.6 | 85.402:00 | 153.504:00 | 68.0 | 02:00-05:0092.6 EUR/MWh | Low 85.4 · High 153.5Lowest at 02:00Highest at 04:00Low 85.4 · High 153.5 |
| 19 | 🇨🇭Switzerland | 108.7 | 94.701:00 | 120.004:00 | 25.4 | 01:00-04:0095.4 EUR/MWh | Low 94.7 · High 120.0Lowest at 01:00Highest at 04:00Low 94.7 · High 120.0 |
| 20 | 🇦🇹Austria | 111.3 | 78.502:00 | 148.104:00 | 69.5 | 02:00-05:0095.9 EUR/MWh | Low 78.5 · High 148.1Lowest at 02:00Highest at 04:00Low 78.5 · High 148.1 |
| 21 | 🇸🇮Slovenia | 112.7 | 87.202:00 | 157.204:00 | 70.1 | 02:00-05:0092.7 EUR/MWh | Low 87.2 · High 157.2Lowest at 02:00Highest at 04:00Low 87.2 · High 157.2 |
| 22 | 🇨🇿Czechia | 115.5 | 85.002:00 | 160.604:00 | 75.7 | 02:00-05:0088.5 EUR/MWh | Low 85.0 · High 160.6Lowest at 02:00Highest at 04:00Low 85.0 · High 160.6 |
| 23 | 🇳🇴Norway 5 price areas | 119.6 | 84.421:00 | 296.404:00 | 212.0 | 21:00-00:0093.3 EUR/MWh | Low 84.4 · High 296.4Lowest at 21:00Highest at 04:00Low 84.4 · High 296.4 |
| 24 | 🇭🇺Hungary | 121.0 | 86.802:00 | 184.704:00 | 97.9 | 02:00-05:0091.8 EUR/MWh | Low 86.8 · High 184.7Lowest at 02:00Highest at 04:00Low 86.8 · High 184.7 |
| 25 | 🇸🇰Slovakia | 122.0 | 86.001:00 | 190.104:00 | 104.0 | 01:00-04:0091.7 EUR/MWh | Low 86.0 · High 190.1Lowest at 01:00Highest at 04:00Low 86.0 · High 190.1 |
| 26 | 🇩🇰Denmark 2 price areas | 132.4 | 83.902:00 | 309.104:00 | 225.2 | 02:00-05:0091.3 EUR/MWh | Low 83.9 · High 309.1Lowest at 02:00Highest at 04:00Low 83.9 · High 309.1 |
| 27 | 🇸🇪Sweden 4 price areas | 162.4 | 89.101:00 | 467.304:00 | 378.3 | 01:00-04:00100.8 EUR/MWh | Low 89.1 · High 467.3Lowest at 01:00Highest at 04:00Low 89.1 · High 467.3 |
| 28 | 🇫🇮Finland | 181.7 | 100.002:00 | 477.505:00 | 377.5 | 02:00-05:00100.7 EUR/MWh | Low 100.0 · High 477.5Lowest at 02:00Highest at 05:00Low 100.0 · High 477.5 |
| 29 | 🇪🇪Estonia | 183.1 | 100.102:00 | 478.105:00 | 378.0 | 02:00-05:00100.8 EUR/MWh | Low 100.1 · High 478.1Lowest at 02:00Highest at 05:00Low 100.1 · High 478.1 |
| 30 | 🇱🇻Latvia | 183.1 | 100.102:00 | 478.105:00 | 378.0 | 02:00-05:00100.8 EUR/MWh | Low 100.1 · High 478.1Lowest at 02:00Highest at 05:00Low 100.1 · High 478.1 |
| 31 | 🇱🇹Lithuania | 184.4 | 100.102:00 | 489.305:00 | 389.2 | 02:00-05:00100.8 EUR/MWh | Low 100.1 · High 489.3Lowest at 02:00Highest at 05:00Low 100.1 · High 489.3 |
On Thursday, February 19, 2026, Spain ranked lowest by average wholesale reference price, while Lithuania ranked highest. The widest price spread was in Lithuania: 389.2 EUR/MWh.
Daily country electricity price ranking for 2026-02-19, 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