Biggest European zone spreads — 2026-09-22
Day-ahead averages across 40 European bidding zones. Europe-wide mean: € 186.95 /MWh (€ 0.1869 /kWh). Gaps below show where electricity is cheapest vs most expensive — the bigger the spread, the more value transmission interconnectors capture.
Top 10 cheap → expensive zone pairs
| Cheap | Expensive | Cheap (€/MWh) | Expensive (€/MWh) | Spread |
|---|---|---|---|---|
| 🇳🇴 NO4 (North) | 🇮🇹 Sicily | 28.18 | 262.32 | € 234.14 (9.3×) |
| 🇳🇴 NO4 (North) | 🇭🇺 Hungary | 28.18 | 233.90 | € 205.72 (8.3×) |
| 🇳🇴 NO4 (North) | 🇷🇴 Romania | 28.18 | 231.74 | € 203.56 (8.2×) |
| 🇳🇴 NO4 (North) | 🇩🇰 DK1 (Jutland) | 28.18 | 227.59 | € 199.41 (8.1×) |
| 🇳🇴 NO4 (North) | 🇩🇰 DK2 (Zealand) | 28.18 | 226.71 | € 198.53 (8.0×) |
| 🇳🇴 NO4 (North) | 🇩🇪 Germany–Luxembourg | 28.18 | 226.18 | € 198.00 (8.0×) |
| 🇳🇴 NO4 (North) | 🇭🇷 Croatia | 28.18 | 225.27 | € 197.09 (8.0×) |
| 🇳🇴 NO4 (North) | 🇳🇱 Netherlands | 28.18 | 223.94 | € 195.76 (7.9×) |
| 🇸🇪 SE1 (North) | 🇮🇹 Sicily | 86.64 | 262.32 | € 175.68 (3.0×) |
| 🇸🇪 SE1 (North) | 🇭🇺 Hungary | 86.64 | 233.90 | € 147.26 (2.7×) |
Cheapest 8 zones today
- 🇳🇴 NO4 (North) — € 28.18 /MWh (€ 0.0282 /kWh)
- 🇸🇪 SE1 (North) — € 86.64 /MWh (€ 0.0866 /kWh)
- 🇸🇪 SE2 — € 120.68 /MWh (€ 0.1207 /kWh)
- 🇳🇴 NO3 (Mid) — € 134.37 /MWh (€ 0.1344 /kWh)
- 🇫🇮 Finland — € 135.96 /MWh (€ 0.1360 /kWh)
- 🇪🇪 Estonia — € 136.21 /MWh (€ 0.1362 /kWh)
- 🇳🇴 NO5 (West) — € 148.41 /MWh (€ 0.1484 /kWh)
- 🇪🇸 Spain — € 151.48 /MWh (€ 0.1515 /kWh)
Most expensive 8 zones today
- 🇮🇹 Sicily — € 262.32 /MWh (€ 0.2623 /kWh)
- 🇭🇺 Hungary — € 233.90 /MWh (€ 0.2339 /kWh)
- 🇷🇴 Romania — € 231.74 /MWh (€ 0.2317 /kWh)
- 🇩🇰 DK1 (Jutland) — € 227.59 /MWh (€ 0.2276 /kWh)
- 🇩🇰 DK2 (Zealand) — € 226.71 /MWh (€ 0.2267 /kWh)
- 🇩🇪 Germany–Luxembourg — € 226.18 /MWh (€ 0.2262 /kWh)
- 🇭🇷 Croatia — € 225.27 /MWh (€ 0.2253 /kWh)
- 🇳🇱 Netherlands — € 223.94 /MWh (€ 0.2239 /kWh)
Embed today's spread on your site
Free, attribution-required. Paste this iframe into any blog or news article:
<iframe
src="https://euenergy.live/tools/zone-spread/embed"
width="100%" height="780"
style="border:1px solid #ddd;border-radius:6px"
loading="lazy"
title={t.headline(date) + " — euenergy"}
></iframe>What is a zone spread?
Europe's electricity grid is divided into ~41 bidding zones — 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 country’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.