Current | Extreme prices in Eastern Norway
On Monday, a new electricity price record was set for 2022 in both Western and Eastern Norway.
But the record did not last long: Eastern Norway gets an average price of DKK 3.93 including VAT on Tuesday. That is an increase of almost 14 percent from Monday.
This will thus be the year’s most expensive electricity in a special class. It’s only December 21 last year the price has been even higher.
The main reason for the high average price is very high prices in the last hours of the day: Between 10pm and 11pm the price will be DKK 5.84 including VAT.
As a result, Eastern Norway gets both the year’s most expensive daily and hourly price.
The price in Western Norway, which is usually linked to that in Eastern Norway, is, however, significantly lower for once.
Also read
That’s how much electricity costs with the new electricity subsidy of 90 percent
The most expensive in history in South-West Norway
It is not just in Eastern Norway that price records are being broken. Southwest Norway gets an average price of DKK 5.48 – something that is above the price record from July of DKK 5.28.
This is the most expensive electricity in the region ever.
Here, the most expensive time is a little earlier on the quince, with a price of DKK 8.17 between 19 and 20 in the evening.
Very high prices in England affect
Much of the reason is that England is experiencing a new price freeze on electricity, where it will pass 6 kroner before taxes. They also get the highest average since March 9. This happens after prices in the evening have increased almost day by day in the last week.
This has a direct impact on electricity exports to England, which in turn is pushing up the price in South-West Norway.
The rest of Europe also gets evenly over high prices on Tuesday.
Exports continue
The high prices also lead to exporting to the continent continuing to a large extent.
- 22 GWh sends net to Germany
- 29.3 GWH sends net to Denmark
- 4.6 GWh net sends to England
The maximum capacity on the cable to Germany and England is 33.7 GWh during a 24-hour period. Several cables with a total capacity of 40.1 GWh go to Denmark.
But even if Sweden gets significantly lower prices than the East (NO2) tomorrow, the actual net import from Sweden (SE3) will be just 0.2 GWh.