European electricity prices — May 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 United Kingdom at 122.8 EUR/MWh, the cheapest Norway NO4 at 36.0 EUR/MWh.
Finland was the 5th cheapest of 40 price areas at 52.9 EUR/MWh.
The gap between the priciest and cheapest area was 86.8 EUR/MWh — a factor of 3.4.
Biggest change from the previous month: Norway NO4 +176%.
Most negative prices in France: 103 hours.
Italy Nord had 603 hours above 100 EUR/MWh.
Cheapest area
36.0 €/MWh
Norway NO4
Priciest area
122.8 €/MWh
United Kingdom
Median price area
99.1 €/MWh
40 price areas
Finland's average
52.9 €/MWh
5th cheapest
May 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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