Electricity customers in Central Norway (NO3) and Northern Norway (NO4) will not have to pay for the electricity itself for 15 hours straight on Saturday. There is good news for customers in the spot market. Central Norway and Northern Norway receive an average electricity price of 3 øre/kWh, writes Europower. – Quite a lot of wind has been reported for the weekend, and then there is still some melting which gives some production. That’s what Johnny Horsdal at SKS Handel in Bodø says. Johnny Horsdal is managing director at SKS Handel in Fauske. Photo: BENJAMIN FREDRIKSEN In addition, the low consumption in the summer means that the prices are reduced. It is the lowest daily price in the spot market in a Norwegian price area since 16 October last year, Europower’s analysis shows. The price ends up at zero øre/kWh for 15 hours straight, between 04.00 and 18.59. During this period, customers in the spot market do not have to pay for the electricity themselves, but they still have to pay for online rent and fees. In southern Norway, too, there will be two hours in the middle of the day when the price to customers in the spot market drops to zero. Bang bang for the northerners in the autumn But even if northern Norway is now enjoying the sweet itch, power trader Horsdal expects that the sour sting will come in the autumn. – The sum of water and snow is as low as we have not seen before. We are not quite where we were in April/May, but record low levels in the water reservoirs. – Can Northern Norway get a bang after the summer? – Yes, we imagine that. That we can have a little caramel on top. We have been warning for a while – if the development is normal, the price will rise. If it gets soaking wet, it won’t be so bad. Here’s how the average price for electricity in the various areas on Saturday: Northern Norway: 2.9 øre/kWh Central Norway: 2.9 øre/kWh South-eastern Norway: 26.2 øre/kWh South-west Norway: 40.2 øre/ kWh Western Norway: 26.2 øre/kWh Published 28.06.2024, at 14.20 Updated 28.06.2024, at 14.43
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