European electricity prices — January 2026
Monthly review: day-ahead average price by price area, price spikes and negative hours, and the change from the previous month.
The priciest area was Estonia at 154.4 EUR/MWh, the cheapest Norway NO4 at 71.1 EUR/MWh.
Finland was the 20th cheapest of 40 price areas at 117.3 EUR/MWh.
The gap between the priciest and cheapest area was 83.3 EUR/MWh — a factor of 2.2.
Biggest change from the previous month: Finland +226%.
Most negative prices in Portugal: 15 hours.
Switzerland had 708 hours above 100 EUR/MWh.
Cheapest area
71.1 €/MWh
Norway NO4
Priciest area
154.4 €/MWh
Estonia
Median price area
127.5 €/MWh
40 price areas
Finland's average
117.3 €/MWh
20th cheapest
The month's average price on the map
The month's average price in every price area (EUR/MWh, excluding VAT). Click an area to see its price.
Region
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