Power, Power price | The electricity price falls for the second day in a row
The fluctuations in both gas prices and the future outlook on electricity prices are huge at the moment. The good and bad news come on a continuous tape.
But after Sweden announced three months of unexpected downtime at the Ringhals 4 reactor, there was perhaps extra tension around Thursday’s electricity prices.
Read also: Stoppage in Swedish nuclear power plant can lead to a sharp jump in the price of electricity
Falling a little
The power exchange Nordpool reports for the second day in a row that the price in England has remained lower than normal recently, and that Norway will thus once again import at almost full capacity around the clock.
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The price in southern Norway remains at a good level, and the average price will be 7.08 kroner, down from 7.36 on Wednesday. There will be fluctuations in the price throughout the day of well over 2 kroner.
Although it is a decline, it is still only three days in history when the price has been higher.
The electricity price today and tomorrow:
Prices are largely falling marginally throughout Europe, but that is largely connected to the fact that the price of gas has fallen a further three percent compared to yesterday.
Less exports
Despite little water in the reservoirs, there is still some power export to both Denmark and Germany on Thursday, but the levels are at much lower levels than we have set in recent weeks.
At the same time, the original large quantities are imported from England.
- 4.4 GWh is sent to Germany
- 0.5 GWh is sent to Denmark
- 25.5 GWh is imported from England
This means that overall there is a significant net import via the three operational submarine power cables to Europe.
Little by little a little more water in the magazines
On Wednesday afternoon, NVE will publish new figures for the storage capacity of Norwegian power storage facilities. It shows that on Sunday evening there was 0.2 percentage points more water in the reservoirs than the week before.
In the most important power area in South-West Norway, the water level increased by 0.3 percentage points, thus barely above the historical minimum for the first time since the end of May.
Usually it fills up more than this anyway, and the distance to normal level increased thereby. There is now 9.88 TWh less electricity stored in reservoirs in the region than normal for the time of year.