European electricity prices — May 2024
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 100.4 EUR/MWh, the cheapest Sweden SE1 at 15.2 EUR/MWh.
Finland was the 11th cheapest of 39 price areas at 35.2 EUR/MWh.
The gap between the priciest and cheapest area was 85.2 EUR/MWh — a factor of 6.6.
Biggest change from the previous month: Portugal +135%.
Most negative prices in Finland: 96 hours.
Italy Sicily had 350 hours above 100 EUR/MWh.
Cheapest area
15.2 €/MWh
Sweden SE1
Priciest area
100.4 €/MWh
Italy Sicily
Median price area
67.2 €/MWh
39 price areas
Finland's average
35.2 €/MWh
11th cheapest
May 2024 average price on the map
The month's average price in every price area (EUR/MWh, excluding VAT).
Region
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