European electricity prices — December 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 Romania at 117.5 EUR/MWh, the cheapest Norway NO4 at 26.9 EUR/MWh.
Finland was the 4th cheapest of 38 price areas at 35.9 EUR/MWh.
The gap between the priciest and cheapest area was 90.7 EUR/MWh — a factor of 4.4.
Biggest change from the previous month: Spain +33%.
Most negative prices in Sweden SE4: 29 hours.
Italy Nord had 624 hours above 100 EUR/MWh.
Cheapest area
26.9 €/MWh
Norway NO4
Priciest area
117.5 €/MWh
Romania
Median price area
87.5 €/MWh
38 price areas
Finland's average
35.9 €/MWh
4th cheapest
December 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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