In summary, Norway is divided into five electricity regions with different prices for electricity: Eastern Norway, Southern Norway, Central Norway, Northern Norway and Western Norway. Southern Norway, which has often had the highest electricity prices, could become the cheapest electricity region thanks to the development of solar and wind power in Europe. Statnett expects that European power prices may come down to zero or lower for more than 30 percent of the time in Europe in 2029. The electricity price will be almost free more than 5 percent of the time in Southern Norway this year due to imports from Europe. There will be greater price variation in Norway, with cheap electricity when it is windy and the sun is shining, and more expensive electricity in periods with little sun and wind. Average prices are expected to remain at the current level, but flexible consumers can save on their electricity bill by adjusting their consumption to when electricity is cheapest. The summary is made by an AI service from OpenAI. The content is quality assured by news’s journalists before publication – We have felt it has been unfair. We’ve really been playing the doll, says Sarah Hjelmseth Iversen, who runs the children’s shop “Alt på stell” in Kragerø. From the shop premises in the coastal town, she sends goods to the entire country. But her playing field has not been the same as her competitors elsewhere. Sarah Hjelmseth Iversen runs the children’s shop “Alt på stell” in Kragerø. Photo: Lars Tore Endresen / NRKSarah Hjelmseth Iversen runs the children’s store “Alt på stell” in Kragerø. Photo: Lars Tore Endresen / news Norway is actually divided into five electricity regions with different prices for electricity: Eastern Norway, Southern Norway, Central Norway, Northern Norway and Western Norway. For several periods, residents in southern Norway have had the highest electricity prices. The foreign cables to the continent run from this region and the price contagion from Europe has caused both business and politicians to protest. In the children’s shop, they now stop selling toys. They have considered closing down. Because the customers are also aware of high electricity prices, price growth and high interest rates. Photo: Lars Tore Endresen / NRKI the children’s shop now stops selling toys. They have considered closing down. Because customers are also aware of high electricity prices, price increases and high interest rates. Photo: Lars Tore Endresen / news The cables provide cheap electricity Several people have advocated cutting the cables. But now Statnett brings good news to the southernmost electricity region (NO 2). A large-scale development of solar and wind power in Europe could lead to cheaper electricity in Norway as well. The development will provide free electricity 30 percent of the time, Statnett believes. – It is a development that is already visible, says executive vice president Gunnar Løvås for Power System and Market at Statnett. Gunnar Løvås in Statnett explains that electricity prices will vary more in the future. Photo: Jarle Nyttingnes / Statnett Gunnar Løvås in Statnett explains that electricity prices will vary more in the future. Photo: Jarle Nyttingnes / Statnett He points out that we already see today that there are times of the day when the electricity price is low or negative. Overall, it is likely that around 250 TWh of solar and wind power will be built in Europe in 2023 and 2024. European power prices may drop to zero or lower for more than 30 percent of the time in 2029, Statnett’s short-term market analysis for 2024 shows -2029. It was Teknisk Ukeblad that first mentioned the market analysis. Will hit Southern Norway first Now it appears that the electricity region, which has struggled with high electricity prices, may become the cheapest: – Norway will benefit from this. We will have this cheap electricity imported and it will hit Southern Norway first, explains the director of Statnett. – Does that mean that the electricity region that has experienced the price contagion from Europe most strongly can actually become the cheapest in the future? – In those periods when there is a lot of sun and a lot of wind on the continent, the prices will be the lowest in Southern Norway, and the NO2 region will benefit greatly from that, he confirms. This year, it is likely that the price of electricity will be almost free more than 5 percent of the time in Southern Norway due to imports from Europe. But, warns Statnett. There will also be more price variation in Norway. – Huge opportunity Electricity will be cheap when it’s windy and the sun is shining, and it will also be more expensive during the periods when it is quiet and there is little sun. Statnett therefore expects the average prices to remain at the current level. However, it offers opportunities to save on the electricity bill: – This is a great opportunity for those who have the opportunity to be flexible, and that applies to many of us. That we can charge the electric car at the right time and heat the hot water at the right time, says the CEO. And the children’s shop in Kragerø refuses to give up. They have moved to a more energy-friendly room and have both LED lighting and water-based heating. The shop owner in Kragerø is taking action to preserve the children’s shop. Photo: Lars Tore Endresen / NRKB The shop owner in Kragerø is taking action to preserve the children’s shop. Photo: Lars Tore Endresen / news Now they are also changing the concept and are discontinuing toys and will sell used clothes, in addition to the new ones. The shop owner also hopes that the foreign cables to Europe can bring with them cheaper electricity prices in the future. So that “Everything is in order” will also be there in five years’ time, when the price contagion effect is expected to take full effect. – I hope that we will be here then and can take advantage of it, says Hjelmseth Iversen. We’ve really been playing the doll, says Sarah Hjelmseth Iversen, who runs the children’s shop “Alt på stell” in Kragerø. Photo: Lars Tore Endresen / NRKWe’ve really been playing the doll, says Sarah Hjelmseth Iversen, who runs the children’s shop “Alt på stell” » in Kragerø. Photo: Lars Tore Endresen / news Published 17.10.2024, at 19.17 Updated 17.10.2024, at 19.25
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Now the foreign cables ensure us cheaper electricity – news Vestfold and Telemark – Local news, TV and radio
