Nordic PPA price barometer
What an average megawatt-hour was worth in each Nordic bidding zone — and what solar and wind actually earned. The capture price is the average day-ahead price weighted by when the plants produced; the capture rate is that price as a share of the average. It is the number a pay-as-produced PPA is priced against.
October 2025
| Zone | Average price | Solar capture | Wind capture | Negative-price hours |
|---|---|---|---|---|
| DK1 | 77.0 € | 71.9 € 93 % | 67.7 € 88 % | 30 |
| DK2 | 80.9 € | 74.8 € 92 % | 65.1 € 81 % | 15 |
| SE1 | 12.8 € | no data | 6.9 € 54 % | 11 |
| SE2 | 12.1 € | 8.6 € 71 % | 5.6 € 46 % | 19 |
| SE3 | 56.1 € | 58.9 € 105 % | 41.0 € 73 % | 17 |
| SE4 | 63.6 € | 64.6 € 101 % | 43.7 € 69 % | 15 |
| NO1 | 49.9 € | no data | 45.6 € 91 % | 0 |
| NO2 | 58.9 € | no data | 56.7 € 96 % | 8 |
| NO3 | 24.5 € | no data | 21.0 € 85 % | 2 |
| NO4 | 4.6 € | no data | 3.8 € 83 % | 32 |
| NO5 | 47.6 € | no data | no data | 0 |
| FI | 49.0 € | 58.3 € 119 % | 26.7 € 54 % | 22 |
Prices in €/MWh. Source: ENTSO-E Transparency Platform — day-ahead prices and actual generation per production type. Wind is onshore and offshore combined. “No data” means the technology produced too little in the zone that month for a capture price to mean anything, or ENTSO-E has no data for it. Months run midnight to midnight UTC. Historical market data for information only — not a price offer and not financial advice.
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