European electricity prices — November 2025
Monthly review: day-ahead average price by price area, price spikes and negative hours, and the change from the previous month. Prices are wholesale market prices, excluding tax.
The priciest area was Hungary at 124.4 EUR/MWh, the cheapest Norway NO4 at 30.4 EUR/MWh.
Finland was the 5th cheapest of 38 price areas at 47.9 EUR/MWh.
The gap between the priciest and cheapest area was 94.0 EUR/MWh — a factor of 4.1.
Biggest change from the previous month: Sweden SE1 +159%.
Most negative prices in Sweden SE2: 81 hours.
Italy Nord had 606 hours above 100 EUR/MWh.
Cheapest area
30.4 €/MWh
Norway NO4
Priciest area
124.4 €/MWh
Hungary
Median price area
106.6 €/MWh
38 price areas
Finland's average
47.9 €/MWh
5th cheapest
November 2025 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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