Electricity prices fall on Wednesday – E24
The price of electricity continues at unusually high levels. On Wednesday, they decrease somewhat in both southern Norway, central and northern Norway.
Electricity prices are determined the day before on the Nord Pool power exchange.
On Wednesday, the electricity will handle NOK 1.33 per kilowatt hour in southern Norway. In the most expensive hour, the power for 1.54 kroner handles the kilowatt hour.
The daily price in Central and Northern Norway is also falling, and will be 74 øre per kilowatt hour with a maximum hourly price of 91 øre.
On Tuesday, the daily price for southern Norway, for comparison, was NOK 1.76, excluding grid rent and fees. The highest hourly rate on Tuesday is DKK 2.79 per kilowatt hour.
This is often the normal price in December. December prices are usually 40-50 øre per kilowatt hour.
Also read
Believes the power shock can increase the risk of strike: – The chance of a high level of conflict is great
This is included in your electricity bill:
- the stock exchange price, which is determined the day in advance
- grid rent, some different between 21 and 55 øre kilowatt hours
- electricity tax of 16.69 øre and Enova tax of 1 øre kilowatt hour
- on top of this comes 25 percent VAT
The price of electricity has shot up to sky-high levels this autumn and winter.
In southern Norway, the price of electricity set a record last Monday. At that time, the average price for a day was NOK 2.56 per kilowatt hour, and the price in a single hour was close to NOK 6, when grid rent and fees are included.
Among other things, analysts have pointed to dry weather and energy crisis in Europe as a background for the high prices.
Europe’s sky-high electricity prices have been explained by the fact that coal and gas prices are high, record prices for CO2 and lower production of renewable energy and ordinary.
High prices in neighboring countries
Several of Norway’s neighboring countries have had record high prices in recent days, and her prices are even higher than in Norway.
Finland’s daily price rose to as much as DKK 4.84 per kilowatt hour on Tuesday, and the hourly rate was up to more than DKK 10 per kilowatt hour in one of the morning hours on Tuesday.
In southern Sweden, the daily price on Monday was a record high of three Norwegian kroner per kilowatt hour, and in a single hour it was open at 6.48 kroner. Parts of Denmark had similar prices.
Prices in Denmark and Sweden do not say anything on Tuesday, but are still higher than in Norway.
On Wednesday, prices will fall in both Denmark and Sweden. But in Finland, the price stays up, landing at 4.48 kroner per kilowatt hour on Wednesday.
Cold, nuclear power and Norwegian export brake
In Sweden, cold weather and the shutdown of nuclear power are partly to blame for the expensive electricity, but also reduced electricity exports from Norway mentioned.
Norwegian Statnett recently restricted electricity exports from southern Norway to southern Sweden, after Sweden had limited its export capacity to other routes.
– It is never desirable to end up in conflict with neighboring countries, says Minister of Energy Khashayar Farmanbar (S) to Aftonbladet.