February 2026 Electricity Prices
Eliis Oru
March 4, 2026

The Big Picture: What Happened in February?

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Western Europe

Storm Nils + Atlantic wind power

šŸ‡§šŸ‡Ŗ Belgium -22%
šŸ‡³šŸ‡± Netherlands -14%
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Nordic & Baltic

Polar vortex + persistent cold

šŸ‡«šŸ‡® Finland +17%
šŸ‡ŖšŸ‡ŖšŸ‡±šŸ‡»šŸ‡±šŸ‡¹ Baltics Stable (high)

⚔ For EV Drivers: Markets with the highest average prices (Estonia at €155/MWh) offered the greatest optimization opportunities, with up to 56% savings potential between best and worst charging hours.

Regional Wholesale Price Changes

January 2026 vs February 2026 (incl. VAT)

-21.6%
0.109 €/kWh
0.085 €/kWh
Jan Feb
šŸ‡§šŸ‡Ŗ
-2.9%
0.108 DKK/kWh
0.105 DKK/kWh
Jan Feb
šŸ‡©šŸ‡°
-13.7%
0.108 €/kWh
0.093 €/kWh
Jan Feb
šŸ‡³šŸ‡±
+17.1%
0.117 €/kWh
0.137 €/kWh
Jan Feb
šŸ‡«šŸ‡®
+3.3%
0.096 SEK/kWh
0.099 SEK/kWh
Jan Feb
šŸ‡øšŸ‡Ŗ
+3.3%
0.099 NOK/kWh
0.103 NOK/kWh
Jan Feb
šŸ‡³šŸ‡“
+0.1%
0.154 €/kWh
0.155 €/kWh
Jan Feb
šŸ‡ŖšŸ‡Ŗ
+1.3%
0.153 €/kWh
0.155 €/kWh
Jan Feb
šŸ‡±šŸ‡»
+2.0%
0.152 €/kWh
0.155 €/kWh
Jan Feb
šŸ‡±šŸ‡¹

Best EV Charging Time Across All Markets

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Optimal Time Window
1:00-4:00 AM
Weekends
Consistently lowest prices across all European markets
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Savings Potential
30-56%
Between best and worst charging hours, with Baltic states leading

Key Pattern: Early morning hours (1:00-4:00 AM) on weekends, especially Sunday, offered the best charging prices across all markets. Baltic countries (Estonia, Latvia, Lithuania) showed the highest optimization potential at 56%, while Western European markets offered 30-40% savings through smart timing.

Explore Your Market: Interactive Data

Select your country below to see detailed electricity prices, best charging times and real savings data in February 2026:

February 2026 Electricity Prices

⚔ Electricity Price Search Tool

February 2026 – prices, comparisons and savings

MondayTuesdayWednesdayThursdayFridaySaturdaySundayEstoniaFinlandLithuaniaLatviaDenmarkSwedenNorwayNetherlandsBelgiumcharging sessionsā˜€ļø Many Belgian users combine Gridio with solar panels for even greater savingsavg

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Key Takeaways for EV Drivers

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Smart charging delivered record savings

Automated optimization saved 10.9% to 29.0% across markets, with Latvia leading at nearly 29% average savings and Estonia producing the highest individual savings.

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Timing matters more than ever

Charging during early morning hours (1:00-4:00) consistently offered 30-56% savings opportunities. Weekend overnight charging proved optimal across most markets.

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Regional differences are significant

Nordic markets saw prices more than double year-over-year, while Western European markets remained stable, showcasing energy market diversification benefits.

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High prices don't mean no savings

Estonia remained the most expensive market but offered 56% savings potential through smart timing. Real Gridio users: Denmark €85/month, Estonia €80/month, Finland €64/month.

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Volatility is the new normal

Monthly price swings of 50-200% are becoming common with increasing renewable energy, making smart charging essential for cost control.

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Looking Ahead to March 2026

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Warming temperatures will reduce heating demand across all markets, particularly benefiting the cold-challenged Nordic and Baltic regions. Even moderate temperature increases significantly lower baseload demand.

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Solar acceleration will drive major changes as daylight hours increase rapidly at northern latitudes. Combined with higher sun angles, March brings substantial solar production boosts, especially dramatic in Nordic countries where the seasonal change is most pronounced.

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Spring weather patterns typically bring transitional conditions. While the intense winter storm season moderates, spring generally maintains high windiness supporting continued strong wind generation.

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Hydropower recovery becomes critical as temperatures rise and snowmelt begins replenishing Nordic reservoirs. This seasonal recharge will improve Norwegian and Swedish market stability after the depleted winter.

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Market convergence appears likely as the dramatic February divide narrows. Nordic/Baltic markets should benefit from warming and increased solar, while Western European storm activity moderates into more typical spring patterns.

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For EV drivers, March typically offers excellent charging opportunities as renewable production increases while demand drops. The combination creates abundant cheap electricity, particularly during midday solar peaks and overnight wind production.

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šŸ’Œ Stay tuned for our March 2026 report

Never Pay Peak Prices Again

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ā€This analysis is based on official spot price data from ENTSO-E, combined with real user savings data from Gridio's smart EV charging optimization platform. All prices include VAT where applicable.
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