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.
February 2026
| Zone | Average price | Solar capture | Wind capture | Negative-price hours |
|---|---|---|---|---|
| DK1 | 94.7 € | 92.4 € 98 % | 93.5 € 99 % | 0 |
| DK2 | 111.4 € | 109.1 € 98 % | 102.3 € 92 % | 0 |
| SE1 | 91.2 € | no data | 68.6 € 75 % | 0 |
| SE2 | 91.0 € | no data | 66.5 € 73 % | 0 |
| SE3 | 101.8 € | 111.0 € 109 % | 91.0 € 89 % | 0 |
| SE4 | 104.6 € | 112.4 € 107 % | 99.7 € 95 % | 0 |
| NO1 | 109.3 € | no data | 99.1 € 91 % | 0 |
| NO2 | 99.9 € | no data | 101.3 € 101 % | 0 |
| NO3 | 104.5 € | no data | 99.8 € 95 % | 0 |
| NO4 | 84.3 € | no data | 70.5 € 84 % | 0 |
| NO5 | 108.0 € | no data | no data | 0 |
| FI | 135.2 € | 158.9 € 118 % | 100.7 € 74 % | 0 |
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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