Biggest European zone spreads โ€” 2026-06-14

Day-ahead averages across 40 European bidding zones. Europe-wide mean: โ‚ฌ 41.23 /MWh (โ‚ฌ 0.0412 /kWh). Gaps below show where electricity is cheapest vs most expensive โ€” the bigger the spread, the more value transmission interconnectors capture.

Top 10 cheap โ†’ expensive zone pairs

CheapExpensiveCheap (โ‚ฌ/MWh)Expensive (โ‚ฌ/MWh)Spread
๐Ÿ‡ธ๐Ÿ‡ช SE2๐Ÿ‡ฎ๐Ÿ‡น Italy Centre-North1.6391.30โ‚ฌ 89.68 (56.2ร—)
๐Ÿ‡ธ๐Ÿ‡ช SE2๐Ÿ‡ฎ๐Ÿ‡น Italy Centre-South1.6391.30โ‚ฌ 89.68 (56.2ร—)
๐Ÿ‡ธ๐Ÿ‡ช SE2๐Ÿ‡ฎ๐Ÿ‡น Italy South1.6391.30โ‚ฌ 89.68 (56.2ร—)
๐Ÿ‡ธ๐Ÿ‡ช SE2๐Ÿ‡ฎ๐Ÿ‡น Sicily1.6391.30โ‚ฌ 89.68 (56.2ร—)
๐Ÿ‡ธ๐Ÿ‡ช SE2๐Ÿ‡ฎ๐Ÿ‡น Italy North1.6391.10โ‚ฌ 89.47 (56.0ร—)
๐Ÿ‡ธ๐Ÿ‡ช SE1 (North)๐Ÿ‡ฎ๐Ÿ‡น Italy Centre-North2.6891.30โ‚ฌ 88.63 (34.1ร—)
๐Ÿ‡ธ๐Ÿ‡ช SE1 (North)๐Ÿ‡ฎ๐Ÿ‡น Italy Centre-South2.6891.30โ‚ฌ 88.63 (34.1ร—)
๐Ÿ‡ธ๐Ÿ‡ช SE1 (North)๐Ÿ‡ฎ๐Ÿ‡น Italy South2.6891.30โ‚ฌ 88.63 (34.1ร—)
๐Ÿ‡ธ๐Ÿ‡ช SE1 (North)๐Ÿ‡ฎ๐Ÿ‡น Sicily2.6891.30โ‚ฌ 88.63 (34.1ร—)
๐Ÿ‡ธ๐Ÿ‡ช SE2๐Ÿ‡ฎ๐Ÿ‡น Sardinia1.6390.18โ‚ฌ 88.56 (55.5ร—)

Cheapest 8 zones today

  1. ๐Ÿ‡ธ๐Ÿ‡ช SE2 โ€” โ‚ฌ 1.63 /MWh (โ‚ฌ 0.0016 /kWh)
  2. ๐Ÿ‡ธ๐Ÿ‡ช SE1 (North) โ€” โ‚ฌ 2.68 /MWh (โ‚ฌ 0.0027 /kWh)
  3. ๐Ÿ‡ณ๐Ÿ‡ด NO4 (North) โ€” โ‚ฌ 13.60 /MWh (โ‚ฌ 0.0136 /kWh)
  4. ๐Ÿ‡ธ๐Ÿ‡ช SE3 (Stockholm) โ€” โ‚ฌ 16.80 /MWh (โ‚ฌ 0.0168 /kWh)
  5. ๐Ÿ‡ซ๐Ÿ‡ฎ Finland โ€” โ‚ฌ 17.30 /MWh (โ‚ฌ 0.0173 /kWh)
  6. ๐Ÿ‡ช๐Ÿ‡ช Estonia โ€” โ‚ฌ 18.59 /MWh (โ‚ฌ 0.0186 /kWh)
  7. ๐Ÿ‡ฉ๐Ÿ‡ฐ DK2 (Zealand) โ€” โ‚ฌ 19.54 /MWh (โ‚ฌ 0.0195 /kWh)
  8. ๐Ÿ‡ธ๐Ÿ‡ช SE4 (South) โ€” โ‚ฌ 19.89 /MWh (โ‚ฌ 0.0199 /kWh)

Most expensive 8 zones today

  1. ๐Ÿ‡ฎ๐Ÿ‡น Sicily โ€” โ‚ฌ 91.30 /MWh (โ‚ฌ 0.0913 /kWh)
  2. ๐Ÿ‡ฎ๐Ÿ‡น Italy South โ€” โ‚ฌ 91.30 /MWh (โ‚ฌ 0.0913 /kWh)
  3. ๐Ÿ‡ฎ๐Ÿ‡น Italy Centre-South โ€” โ‚ฌ 91.30 /MWh (โ‚ฌ 0.0913 /kWh)
  4. ๐Ÿ‡ฎ๐Ÿ‡น Italy Centre-North โ€” โ‚ฌ 91.30 /MWh (โ‚ฌ 0.0913 /kWh)
  5. ๐Ÿ‡ฎ๐Ÿ‡น Italy North โ€” โ‚ฌ 91.10 /MWh (โ‚ฌ 0.0911 /kWh)
  6. ๐Ÿ‡ฎ๐Ÿ‡น Sardinia โ€” โ‚ฌ 90.18 /MWh (โ‚ฌ 0.0902 /kWh)
  7. ๐Ÿ‡บ๐Ÿ‡ฆ Ukraine IPS โ€” โ‚ฌ 66.08 /MWh (โ‚ฌ 0.0661 /kWh)
  8. ๐Ÿ‡ต๐Ÿ‡น Portugal โ€” โ‚ฌ 60.69 /MWh (โ‚ฌ 0.0607 /kWh)
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What is a zone spread?

Europe's electricity grid is divided into ~41 bidding zones โ€” each with its own day-ahead auction. When wind, solar or hydro overproduce in one zone but demand peaks in another, prices diverge. Cross-border interconnectors arbitrage the difference, but only up to their physical capacity. Spreads tell you where the grid is most under stress today.

For consumers: large spreads mean your countryโ€™s neighbours have cheaper electricity right now. For traders: spreads are the basic unit of European power trading.

Drill into any zone's detailed page for hourly prices, period comparisons and cost calculators.