Power, Consumer | Well, the electricity shock is coming back: Most expensive electricity in several months
(Online newspaper): The first low electricity prices in November are definitely over.
On Wednesday morning, the first signs of high prices came: Low expectations for wind power production in Germany and Denmark sent expectations for European prices skyrocketing.
Then came the message from the power exchange Nordpool: The price of electricity on the cable between Norway and England has not been higher since the first half of September. All power in the cable is sent from Norway to England.
Quite expensive
And now the official prices for tomorrow are clear, and they show that it will be expensive: the electricity price has not been higher south of Dovre since 14 September.
In Southern Norway, the average price increases by 20 percent, to DKK 4.99 per kWh, with a price during dinner cooking of as much as DKK 6.38.
Electricity prices today and tomorrow:
Central and Northern Norway do not escape the high prices either, but they do not get record prices. The average price in central Norway is 3.54 kroner (including VAT), while in the far north they look at prices of 0.92 kroner (without VAT).
This increases the average price for December to over NOK 4 in southern Norway. If this is the electricity price for the month, it means an electricity subsidy of 2.85 øre per kWh.
As a curiosity: Even if the electricity should be free for the rest of the month, you are guaranteed electricity support for December. This will result in an average price of over one krone.
Still cheaper than in Europe
If it should be the slightest consolation, the prices in our European neighbor end up being higher. Prices are currently pushing up as a combination of a number of challenges. The gas price rises, while more gas power must be used when it is a bit windy.
At the same time, France has far less production than usual, which means that they are dependent on imports from neighboring countries. On Wednesday, they imported over 170 GWh from Germany and Belgium, five times as much as Norway’s export capacity to Germany. On Thursday, this increases to 195 GWh.
The exceptions on Thursday are coal-dependent Poland and the Netherlands.
There is little reason to believe that the price will drop significantly any time soon. On Friday, Sweden decided to shut down its largest nuclear power plant for more than a week in hopes of fixing operational problems. Neste uke also looks like the degrees will settle quite evenly over Europe.
Export
Lower prices in Norway and in our neighboring country is another way to be exported by electricity. The prices in Norway are really so high that it is not being exported anywhere near full capacity.
Exports have picked up significantly after Statnett blew off the risk of rationing after there was historically heavy rainfall in the harvest, which filled up the water reservoirs to above normal levels.
- England: 19.1 GWh export
- Germany: 9.5 GWh export
- Sweden (SE3): 26 GWh export
- Sweden (SE2): 16.4 GWh export
- Denmark: 19 GWh export
- The Netherlands: 4.5 GWh import
The reservoirs are falling
It has been unknown in part very high exports from Norway.
Updated high for the reservoirs on Sunday evening, was published by NVE this afternoon.
They show that the water reservoirs last week fell by 2.7 percentage points, and fall faster than normal. The decline is strongest in Western Norway with 3.1 percentage points.