Prices fall to one kroner per kilowatt-hour across large parts of the country.
High-voltage line on the so-called Vinstralinja in Lillomarka in Nittedal. The power line runs from Vinstra in Gudbrandsdalen to Oslo. Photo: Paul Kleiven / NTBPublished:
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It shows final figures from the power exchange Nord Pool. This price does not include taxes, internet rent and the electricity company’s surcharge. It also does not take into account the new current support.
Since the start of the new year, prices have mostly ticked up day by day throughout the country. On Saturday, prices turn downwards after having risen sharply today.
The temperature is expected to drop over the next few days, and in Oslo it may down to minus 20 degrees.
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The hourly electricity support reduces prices. For the most expensive hour in Eastern Norway between 5 and 6 p.m., the price with network rental, taxes will end at NOK 2.23 per kilowatt hour. After electricity subsidy, the price is NOK 1.55.
The pure power pricepure power priceExcludes grid rent, taxes, electricity company surcharges and electricity subsidies. from the power exchange Nordpool shows a price of NOK 1.34 per kilowatt hour in the period.
Prices in different regions
This is what the average prices look like in the various regions before taxes, online rental, surcharges and electricity subsidy on Saturday:
- On Saturday, the price in Eastern Norway (Price area NO1), Western Norway/Bergen (NO5) and Central Norway (NO3) will be NOK 1.06 per kilowatt hour.
- In South-West Norway (NO2), the price is somewhat lower at NOK 1.03 per kilowatt hour.
- Northern Norway (price area NO4) gets the lowest price on Friday with NOK 0.55 per kilowatt hour.
May be high prices in the future
Analyst Olav Johan Botnen in Volt Power Analytics tells E24 that he thinks electricity prices may be high for a while.
– Electricity will probably be quite expensive from Friday onwards into next week, as long as the blasting cold persists, he says.
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– Going forward, electricity prices will probably be between one and two kroner per kilowatt-hour, as long as the cold is here. We will probably be able to see a number of hours with electricity prices of up to two to three kroner per kilowatt hour, if the cold continues. But it is difficult to know when the high pressure will disappear, and that creates great uncertainty, he says.
According to Botnen, the hourly electricity support puts a strong damper on prices.
– For Ola and Kari Nordmenn, there is not much to save by turning the heat down a lot during the most expensive hours. The electricity subsidy will largely limit the price to under one kroner, or around two kroner per kilowatt-hour including fees and network rent, he says.
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2024-01-05 11:55:49
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