17 September 2022 at 13:12 Electricity prices fall on Sunday – lowest since July Electricity prices fall considerably on Sunday, according to electricity exchange Nord Pool’s figures for tomorrow. Prices fall in all five price ranges. In South-East, South-West and West Norway, the price of electricity more than halves from Saturday to Sunday. Eastern and Western Norway will thus receive the lowest electricity prices since 10 July. In the price range for the South, you have to go back all the way to June to find lower prices, writes E24. * In south-east, south-west and west Norway, the average price will be NOK 1.14 per kWh on Sunday, NOK 1.47 lower than on Saturday, with a maximum price of NOK 3.62.* Central Norway will receive an average price of 28.5 øre per kWh Sunday, 4.2 øre lower than Saturday.* Northern Norway receives an average price of 20.9 øre per kWh Sunday, 6.1 øre lower than Saturday. The prices are explained by the fact that production of renewable energy coincides with the weekend and therefore lower demand, both in Norway and in Europe. – Then you have a surplus of electricity with a lot of renewables and low demand. Then you get a short period of low electricity prices, explains Arndt von Schemde in Thema. – But it probably won’t last very long. I think that after the weekend there will be an end to low electricity prices. Although the average price will be lower than it has been for a long time, the price in some areas varies significantly during the day. – It is particularly the hours when gas sets the price that you have a high price. But in the other hours, when there is low demand and a lot of renewables, such as wind, the prices can actually be quite low. That is exactly what we are seeing now. (news/NTB)
ttn-69