Nordic price shock, massive savings opportunities and the best times to charge your EV across Europe.
The Big Picture: What Happened in January?
Big Picture Stats
+224%
Finland's price spike vs December
€136
Top Estonian saver in one month
55x
Price range in Estonia (min to max)
January 2026 delivered one of the most drastical electricity price spikes in recent Nordic history. Cold weather, reduced wind generation, and high heating demand pushed spot prices to levels not seen since the 2022 energy crisis. For smart EV charging users, this extreme volatility created unprecedented savings opportunities.
Why Estonia Became the Savings Champion?
Estonia Savings Stats
€98.80
Average savings per device
€136
Top saver in one month
55x
Price volatility range
48.7%
Potential savings
Estonian Gridio users averaged an incredible €98.80 in savings per car during January, nearly 10x more than Danish users and 6x more than Finnish users. The top Estonian saver managed to save €136 in a single month, equivalent to 1-2 months of completely free charging.
Regional Price Changes
January 2026 vs December 2025
Regional Price Comparison - Bar Chart
+224.5%
0.036 €/kWhDec
0.117 €/kWhJan
🇫🇮
+131.7%
0.476 SEK/kWhDec
1.102 SEK/kWhJan
🇸🇪
+109.4%
0.074 €/kWhDec
0.154 €/kWhJan
🇪🇪
+72.8%
0.717 NOK/kWhDec
1.24 NOK/kWhJan
🇳🇴
+81.6%
0.084 €/kWhDec
0.152 €/kWhJan
🇱🇹
+30.9%
0.614 DKK/kWhDec
0.804 DKK/kWhJan
🇩🇰
+22.7%
0.088 €/kWhDec
0.108 €/kWhJan
🇳🇱
+27.1%
0.085 €/kWhDec
0.109 €/kWhJan
🇧🇪
Regional Summary
🔴 Nordic & Baltic Markets
Synchronized price spike driven by cold weather, reduced wind generation, and high heating demand across the interconnected Nord Pool market.
🟢 Western European Markets
Stable or declining prices due to nuclear baseload (Belgium) and better gas supply access (Netherlands), showing the benefits of diversified energy mix.
When to Charge Your EV?
Best Charging Times
Best EV Charging Time Across All Markets
⏰
Friday/Saturday1:00-4:00
Consistently lowest prices
💨
Low demand +wind power
Minimal consumption + peak renewable generation
💰
70-83% potentialsavings
vs average peak price
Explore Your Market: Interactive Data
Select your country below to see detailed electricity prices, best charging times and real savings data in January 2026:
January 2026 Electricity Prices
⚡ Electricity Price Search Tool
January 2026 – prices, comparisons and savings
Average
Min
Max
📊 Price Comparisons
vs December 2025
vs January 2025
⚡ Best Time to Charge Your EV
Average saving
📈 January 2026 Hourly Prices Pattern
Gridio User Savings in January 2026
Average
Savings %
🏆 Top 5 Savers
MondayTuesdayWednesdayThursdayFridaySaturdaySundayEstoniaFinlandLithuaniaLatviaDenmarkSwedenNorwayNetherlandsBelgiumcharging sessions☀️ Many Belgian users combine Gridio with solar panels for even greater savingsavg
🎯 Key Takeaways for EV Drivers
Key Takeaways
⚡
Smart charging delivered record savings
Automated optimization saved 11.6% to 29.8% across markets, with Estonia leading at nearly €99 per device.
⏰
Timing matters more than ever
Charging during early morning hours (1:00-4:00) consistently offered 40-50% savings opportunities.
🌍
Regional differences are significant
Nordic markets saw prices more than double, while Western European markets remained stable, showcasing energy market diversification benefits.
📈
Volatility is the new normal
Monthly price swings of 50-200% are becoming common with increasing renewable energy, making smart charging essential.
Looking Ahead to February 2026
Looking Ahead to February
🌡️
Milder weather forecasts suggest potential price normalization in Nordic markets
💧
Increased hydropower production as spring approaches in Norway and Sweden
☀️
Solar charging becomes more important as daylight hours increase across Europe
💨
Continued price volatility driven by wind power variability
Stay tuned for our February 2026 report, where we'll track whether prices return to seasonal norms or if the volatility continues.
Try Gridio CTA
Start Saving on Your EV Charging Today
Gridio automatically charges your EV when electricity prices are lowest, saving you money without any manual effort. Join thousands of smart EV drivers across Europe.
This analysis is based on official spot price data from Nord Pool (Nordic and Baltic markets) and EPEX SPOT (Netherlands and Belgium), combined with real user savings data from Gridio's smart EV charging optimization platform. All prices include VAT where applicable.
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