Biggest European zone spreads โ€” 2026-06-13

Day-ahead averages across 40 European bidding zones. Europe-wide mean: โ‚ฌ 45.49 /MWh (โ‚ฌ 0.0455 /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‡ณ๐Ÿ‡ด NO4 (North)๐Ÿ‡ฎ๐Ÿ‡น Italy Centre-North16.7895.49โ‚ฌ 78.71 (5.7ร—)
๐Ÿ‡ณ๐Ÿ‡ด NO4 (North)๐Ÿ‡ฎ๐Ÿ‡น Italy Centre-South16.7895.49โ‚ฌ 78.71 (5.7ร—)
๐Ÿ‡ณ๐Ÿ‡ด NO4 (North)๐Ÿ‡ฎ๐Ÿ‡น Italy South16.7895.49โ‚ฌ 78.71 (5.7ร—)
๐Ÿ‡ณ๐Ÿ‡ด NO4 (North)๐Ÿ‡ฎ๐Ÿ‡น Sicily16.7895.49โ‚ฌ 78.71 (5.7ร—)
๐Ÿ‡ณ๐Ÿ‡ด NO4 (North)๐Ÿ‡ฎ๐Ÿ‡น Sardinia16.7895.12โ‚ฌ 78.35 (5.7ร—)
๐Ÿ‡ณ๐Ÿ‡ด NO4 (North)๐Ÿ‡ฎ๐Ÿ‡น Italy North16.7894.73โ‚ฌ 77.95 (5.6ร—)
๐Ÿ‡จ๐Ÿ‡ญ Switzerland๐Ÿ‡ฎ๐Ÿ‡น Italy Centre-North18.3695.49โ‚ฌ 77.13 (5.2ร—)
๐Ÿ‡จ๐Ÿ‡ญ Switzerland๐Ÿ‡ฎ๐Ÿ‡น Italy Centre-South18.3695.49โ‚ฌ 77.13 (5.2ร—)
๐Ÿ‡จ๐Ÿ‡ญ Switzerland๐Ÿ‡ฎ๐Ÿ‡น Italy South18.3695.49โ‚ฌ 77.13 (5.2ร—)
๐Ÿ‡จ๐Ÿ‡ญ Switzerland๐Ÿ‡ฎ๐Ÿ‡น Sicily18.3695.49โ‚ฌ 77.13 (5.2ร—)

Cheapest 8 zones today

  1. ๐Ÿ‡ณ๐Ÿ‡ด NO4 (North) โ€” โ‚ฌ 16.78 /MWh (โ‚ฌ 0.0168 /kWh)
  2. ๐Ÿ‡จ๐Ÿ‡ญ Switzerland โ€” โ‚ฌ 18.36 /MWh (โ‚ฌ 0.0184 /kWh)
  3. ๐Ÿ‡ธ๐Ÿ‡ช SE2 โ€” โ‚ฌ 18.59 /MWh (โ‚ฌ 0.0186 /kWh)
  4. ๐Ÿ‡ธ๐Ÿ‡ช SE1 (North) โ€” โ‚ฌ 20.31 /MWh (โ‚ฌ 0.0203 /kWh)
  5. ๐Ÿ‡ซ๐Ÿ‡ฎ Finland โ€” โ‚ฌ 21.77 /MWh (โ‚ฌ 0.0218 /kWh)
  6. ๐Ÿ‡ซ๐Ÿ‡ท France โ€” โ‚ฌ 23.94 /MWh (โ‚ฌ 0.0239 /kWh)
  7. ๐Ÿ‡ฉ๐Ÿ‡ฐ DK1 (Jutland) โ€” โ‚ฌ 25.67 /MWh (โ‚ฌ 0.0257 /kWh)
  8. ๐Ÿ‡ฉ๐Ÿ‡ช Germanyโ€“Luxembourg โ€” โ‚ฌ 26.82 /MWh (โ‚ฌ 0.0268 /kWh)

Most expensive 8 zones today

  1. ๐Ÿ‡ฎ๐Ÿ‡น Sicily โ€” โ‚ฌ 95.49 /MWh (โ‚ฌ 0.0955 /kWh)
  2. ๐Ÿ‡ฎ๐Ÿ‡น Italy South โ€” โ‚ฌ 95.49 /MWh (โ‚ฌ 0.0955 /kWh)
  3. ๐Ÿ‡ฎ๐Ÿ‡น Italy Centre-South โ€” โ‚ฌ 95.49 /MWh (โ‚ฌ 0.0955 /kWh)
  4. ๐Ÿ‡ฎ๐Ÿ‡น Italy Centre-North โ€” โ‚ฌ 95.49 /MWh (โ‚ฌ 0.0955 /kWh)
  5. ๐Ÿ‡ฎ๐Ÿ‡น Sardinia โ€” โ‚ฌ 95.12 /MWh (โ‚ฌ 0.0951 /kWh)
  6. ๐Ÿ‡ฎ๐Ÿ‡น Italy North โ€” โ‚ฌ 94.73 /MWh (โ‚ฌ 0.0947 /kWh)
  7. ๐Ÿ‡บ๐Ÿ‡ฆ Ukraine IPS โ€” โ‚ฌ 84.84 /MWh (โ‚ฌ 0.0848 /kWh)
  8. ๐Ÿ‡ต๐Ÿ‡ฑ Poland โ€” โ‚ฌ 66.78 /MWh (โ‚ฌ 0.0668 /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.