Wholesale electricity prices in Europe today
The average wholesale day-ahead price across 45 European bidding zones on 7 November 2026.
Values are EUR per MWh, relative to the European average of €234.12. Zones without a wholesale market are shown in grey. Bidding-zone borders are electrical rather than administrative; these outlines are the closest approximation public boundary data allows.
European electricity prices by bidding zone
45 zones published a price for 7 November 2026. The European average is €234.12/MWh.
Average wholesale day-ahead price today, cheapest first. A bidding zone is not always a country: Italy has seven, Norway five, Sweden four, and Ireland shares one with Northern Ireland.
| Bidding zone | €/MWh | Low | High | ||
|---|---|---|---|---|---|
| north-central Sweden (SE2) | €3.54 | €0.94 | €7.74 | ||
| northern Sweden (SE1) | €9.88 | €5.30 | €13.61 | ||
| Finland | €10.50 | €6.54 | €19.32 | ||
| northern Norway (NO4) | €15.90 | €8.92 | €18.04 | ||
| central Norway (NO3) | €92.62 | €80.72 | €117.22 | ||
| south-central Sweden (SE3) | €150.22 | €97.79 | €227.00 | ||
| south-east Norway (NO1) | €172.95 | €156.03 | €191.73 | ||
| western Norway (NO5) | €174.48 | €156.31 | €196.46 | ||
| Estonia | €191.45 | €19.99 | €412.40 | ||
| south-west Norway (NO2) | €198.23 | €191.40 | €208.15 | ||
| Portugal | €231.64 | €170.00 | €300.00 | ||
| Poland | €232.11 | €111.48 | €371.11 | ||
| Spain | €232.58 | €170.00 | €300.00 | ||
| Greece | €249.87 | €139.40 | €349.11 | ||
| Sardinia (SARD) | €258.13 | €207.47 | €325.87 | ||
| northern Italy (NORD) | €258.38 | €220.00 | €325.87 | ||
| central-north Italy (CNOR) | €258.38 | €220.00 | €325.87 | ||
| central-south Italy (CSUD) | €258.38 | €220.00 | €325.87 | ||
| southern Italy (SUD) | €258.38 | €220.00 | €325.87 | ||
| France | €258.75 | €220.00 | €325.87 | ||
| Belgium | €259.58 | €220.00 | €332.02 | ||
| the Netherlands | €259.68 | €220.00 | €338.45 | ||
| Bulgaria | €259.72 | €196.21 | €349.11 | ||
| western Denmark (DK1) | €259.78 | €220.00 | €343.68 | ||
| Germany and Luxembourg | €259.83 | €220.00 | €344.92 | ||
| Czechia | €260.55 | €220.00 | €347.64 | ||
| eastern Denmark (DK2) | €262.29 | €224.07 | €335.73 | ||
| Austria | €263.01 | €220.00 | €349.77 | ||
| Slovenia | €263.12 | €220.00 | €350.31 | ||
| Croatia | €263.32 | €220.00 | €350.05 | ||
| Romania | €264.03 | €220.00 | €349.06 | ||
| Hungary | €264.06 | €220.00 | €348.87 | ||
| Slovakia | €264.92 | €220.00 | €348.32 | ||
| Switzerland | €267.38 | €217.93 | €333.45 | ||
| North Macedoniapartial | €271.50 | €180.00 | €340.10 | ||
| Calabria (CALA) | €272.40 | €220.00 | €362.98 | ||
| Sicily (SICI) | €272.40 | €220.00 | €362.98 | ||
| southern Sweden (SE4) | €273.27 | €226.47 | €353.94 | ||
| Serbiapartial | €274.52 | €219.09 | €344.10 | ||
| Montenegropartial | €279.04 | €230.07 | €345.00 | ||
| Albaniapartial | €292.80 | €179.40 | €455.00 | ||
| Kosovopartial | €292.80 | €179.40 | €455.00 | ||
| Lithuania | €314.75 | €235.15 | €412.40 | ||
| Latvia | €350.42 | €321.93 | €408.60 | ||
| Ireland and Northern Ireland | €453.89 | €339.90 | €566.26 | ||
| Great Britain | No price published | ||||
| Bosnia and Herzegovina | No price published | ||||
| Moldova | No price published | ||||
| Ukraine | No price published | ||||
| Turkey | No price published | ||||
Where electricity is cheapest in Europe today
North-central Sweden (SE2) is the cheapest bidding zone in Europe today at €3.54/MWh, and Ireland and Northern Ireland the most expensive at €453.89 — €450.35 apart on the same day, on the same continent, for the same electricity.
Gaps like this are transmission, not policy. Power flows to where it is worth more until the line between two zones is full; past that point the two prices are free to separate, and they do.
Cheapest zones
- north-central Sweden (SE2)€3.54/MWh
- northern Sweden (SE1)€9.88/MWh
- Finland€10.50/MWh
Most expensive zones
- Ireland and Northern Ireland€453.89/MWh
- Latvia€350.42/MWh
- Lithuania€314.75/MWh
When is electricity cheapest?
Across 45 bidding zones over the last seven days, the cheapest hour of the day averaged €196.49/MWh at 03:00 local time, and the most expensive €284.42/MWh at 18:00 — €87.92 apart.
Solar sets the shape, and it does so almost everywhere: 11 of 45 zones had their cheapest hour between 11:00 and 15:00. Gas sets the price again the moment solar output falls, which is why the evening peak rises faster than the morning one.
Hydro markets are the exception. Northern Norway (NO4) moved only €8.85 between its cheapest and dearest hour, against €219.13 in Portugal. Where there is a reservoir to hold water back, the day barely has a shape at all.
Negative electricity prices, and where they happen
When wind and solar produce more than the grid can use, the auction clears below zero and generators pay to inject rather than being paid. It is a real market price, not a reporting error, and the floor is around −€500/MWh.
No zone has priced below zero today.
It is not evenly spread. The Nordic and central European zones see it regularly; Italy never has, in ten years of records, because its market clears differently.
How day-ahead prices are set
Once a day, a single auction across the coupled European markets sets one price for every quarter-hour of the following day, in each bidding zone. That is the day-ahead price: the reference the continent trades against, and it is known in advance.
Knowing it in advance is what makes it usable. It is the price behind dynamic tariffs, the reason an electric car charges at 3am rather than 7pm, and what industrial sites watch when they decide which hours to run. On a windy night or a sunny noon it goes below zero — the market paying to have power taken away — and those hours are visible here as soon as they are published.
Tomorrow's prices land shortly after the auction closes, around 13:00 CET, and this page follows them through the day. Everything shown is wholesale: a household bill adds network charges, levies and taxes on top.
Where this data comes from: ENTSO-E
Every price here comes from the ENTSO-E Transparency Platform, the European transmission system operators' own publication. It is the same source the market itself settles against.
We track 50 bidding zones, with history back to 2016, collected three times a day around the auction. Prices are converted to euros at the European Central Bank's reference rate for the day; where no rate exists, the figure is left out rather than guessed.
Nothing is interpolated or padded. A gap in the source is a gap here, and a day shows how many intervals it actually holds.