European electricity prices — May 2023
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 Italy Sicily at 108.8 EUR/MWh, the cheapest Norway NO4 at 18.8 EUR/MWh.
Finland was the 4th cheapest of 39 price areas at 26.7 EUR/MWh.
The gap between the priciest and cheapest area was 90.0 EUR/MWh — a factor of 5.8.
Biggest change from the previous month: Sweden SE1 −58%.
Most negative prices in Finland: 98 hours.
Italy Sicily had 498 hours above 100 EUR/MWh.
Cheapest area
18.8 €/MWh
Norway NO4
Priciest area
108.8 €/MWh
Italy Sicily
Median price area
80.2 €/MWh
39 price areas
Finland's average
26.7 €/MWh
4th cheapest
May 2023 average price on the map
The month's average price in every price area (EUR/MWh, excluding VAT).
Region
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