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. Prices are wholesale market prices, excluding tax.
The priciest area was Estonia at 154.4 EUR/MWh, the cheapest Norway NO4 at 71.1 EUR/MWh.
Finland was the 19th cheapest of 40 price areas at 117.1 EUR/MWh.
The gap between the priciest and cheapest area was 83.2 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
117.1 €/MWh
19th cheapest
January 2026 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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