Today, electricity is the most expensive it has been in two years. Electricity customers in South-West Norway have a maximum price of over six kroner. But it doesn’t stop there: Tomorrow electricity will be the most expensive it has been since 2009. The maximum price? NOK 13.17 in South and South-West Norway. When electricity is so expensive, an average five-minute shower costs NOK 50. But even if tomorrow’s prices are over NOK 13, you don’t have to pay more than NOK 2 at the most expensive time. The power support makes it much cheaper There is something called power support. And it kicks in when prices go over 73 øre: This is the electricity subsidy: Electricity subsidy means that the government helps you with your electricity bill when electricity prices are high. Threshold price: You pay full price up to 73 øre per kWh (excl. VAT). You get support for everything above this. Support rate: 90 per cent of the price above 73 øre is covered by the state. Automatic deduction: The support is deducted directly from your bill, so you don’t have to do anything yourself. Example: If the electricity price is NOK 13 per kWh, you pay the first NOK 73 in full. Of the remaining NOK 12.27, you pay 10 percent, approximately NOK 1.23. In total, you pay NOK 1.7 per kWh (excl. VAT) after the electricity subsidy. The rest is covered by the state. Incl. VAT, the price is NOK 2.12. The electricity subsidy was introduced in December 2021 as a response to the high electricity prices in Norway. The scheme has since been extended and adjusted several times to help households with increased expenditure on electricity. The electricity subsidy has now been extended to apply until 2025. With the electricity subsidy, the expensive shower tomorrow will therefore be around ten kroner including VAT. If you have an electric car with a 50 kWh battery and the electricity price is between NOK 10 and 13, it costs between NOK 500 and 650 to charge from 0 to 100 percent. With electricity support: NOK 122 including VAT. And if you dry your clothes in a tumble dryer at high consumption? Around NOK 50 without support and NOK ten with, including VAT. For many, it was a competition to save the most on electricity use in 2022, when electricity prices were at a record high. But don’t we care as much about saving electricity as we did before? The map shows average electricity prices in Norway and Europe in kroner per kWh on 11 December. Source: IEA, Nordpool Thinks we were not heard Kristina Almagro Karlsen (22) believes the reason why more people may have let go of old habits is that people were not heard in the aftermath of the electricity crisis in 2022. – I felt that we gave a lot of response and said what we thought, but no changes were made. Then you give up a little, she says. She herself is concerned with saving money and says it has become a matter of habit to be aware of the prices. – It has become a habit, quite simply. We are much more aware of our electricity use. A habit, for example, is to turn off the lights when you leave home, I didn’t do that before, says Karlsen. Kristina Almagro Karles (22) believes that the reason why more people have let go of old habits is that people are not heard. Photo: Nora Marie Vatnaland / news She is a diligent user of the apps that show electricity prices. – When I see it going down, I put the washing up on. It is important to me to try to save as much money as possible. Daniel Thaule Jacobsen (23) lives at home with his parents. – I hear a lot about it, but I don’t check the electricity prices myself. I try to turn off the lights when I leave, but nothing more than that. I think that when I move out and have more responsibility for the electricity, I will think more about it. Daniel Thaule Jacobsen (23) takes several considerations into account in everyday life in order to get a lower electricity bill. Photo: Nora Marie Vatnaland / news Says if she showers for too long But there is still a lot to think about for those who are concerned about not sitting with a high bill at the end of the month. Lise Lopez (29) says that it is her partner who keeps up to date on the prices at their home. – My roommate runs around and shouts: Now you have to get out of the shower, she says. The map shows the average electricity prices for one kilowatt hour in Norway’s electricity hotspot areas on 12 December. Source: Nordpool. Disappointed by the price variation, Kjell Villy Steine (76) was one of those who saved a lot. But that time is over. – I don’t think much about saving anymore. We get some help, so it’s going well. But there is a very big difference from north to south, it is not good that it is like this. We should have the same price throughout the country, says Steine. Kjell Villy Steine is critical of how fluctuating electricity prices have been in 2024. Photo: NORA MARIE VATNALAND / news Using more electricity now – We use 20 per cent more electricity now than two years ago, says Atle Simonsen, head of communications at the energy group Lyse. He says that the worse we are at saving electricity, the more expensive the prices will be. – If we manage to either produce more renewable energy, or if we manage to save more, then it will have a positive impact on prices, he says. Atle Simonsen is communications manager at Lyse. Photo: Ole Andreas Bø / news NHO: – Extreme prices Deputy managing director Anniken Hauglie in NHO says the prices are now extreme. – Fortunately, the prices vary throughout the day, but this goes beyond the competitiveness of Norwegian companies. She is clear about what must be done now: – We must build more power and networks, and use the electricity as efficiently as we can, she says. Anniken Hauglie is deputy managing director of NHO. She believes the prices are too high and says Norway must take action to bring the prices down. Photo: Hallvard Norum / news Best tip? – Heat pump Simonsen i Lyse’s best tip for saving electricity is to invest in a heat pump. – If you can’t get it, then turning it down by one degree at home will reduce electricity consumption by approximately 5 percent. Power analyst in Volue Insight, Tor Reier Lilleholt, has not registered a higher electricity price since 2009. – It is right up to the highest prices we have ever seen in southern Norway, he says. He believes a “price contagion” from Germany is the cause of the high prices. There is little wind in Germany during the day. Therefore, the price of electricity is affected by wind in Europe: The price of electricity in Norway is affected by wind in Germany because we are connected to the European electricity market. When Germany produces a lot of wind power, electricity becomes cheaper and affects prices here. Low wind, on the other hand, means more expensive electricity from gas and coal, which also pushes up prices in Norway via the power cables. Winter and cold also make people demand more electricity, and in periods of both low supply of electricity and cold, prices will increase. Dropping plans for foreign cables Due to the jump in electricity prices, Ap now wants to scrap new power cables to Denmark. – We are now again experiencing that we have full magazines and yet we are getting absurd electricity prices back from the system. The system is out of control, says Are Tomasgard in the Labor Party’s program committee. This is how Norway has become more closely connected to Europe with power cables.Norway is part of a power market that is connected to Sweden, Denmark, Great Britain, Germany, Poland, Russia, the Netherlands and the Baltic countries with cables. The aim is to even out price differences and to strengthen energy security. A high-voltage power line transmits power from Sør-Trøndelag to Jämtland in Sweden for the first time. Since then, several lines have been built to Sweden and Finland. The submarine cables Skagerrak 1 and 2 were installed in the summer of 1976 and 1977. The transmission capacity was 500 megawatts. Since then, Norway has received two new cables to Denmark in 1993 and 2014. The power market was opened up with the Energy Act. Prices for power were to be governed by supply and demand. Sweden and Norway formed a joint power exchange, which Finland and Denmark later joined. The Nordned cable between Norway and the Netherlands will open in April 2008. The capacity is 700 megawatts. The fourth cable, Skagerrak 4, opened between Kristiansand and Tjele in Denmark at the turn of the year. Then the transmission capacity between the countries increased from 1,000 to 1,700 megawatts. The Solberg government decides to build a cable to Germany and Great Britain, each of 1400 megawatts. In December, trial operation of Nordlink, which runs between southern Norway and Germany, began. Since March 2021, the cable has been in normal operation. The capacity is 1400 megawatts. The cable between Suldal in Rogaland and Newcastle in the UK opened in October 2021. The transmission capacity is 1400 megawatts. Show more What are your best power saving tips? Leave a comment below!: Hello! Welcome to dialogue at news. Since you are logged in to other news services, you do not have to log in again here, but we need your consent to our terms of use for online dialogue Published 11.12.2024, at 17.55 Updated 11.12.2024, at 23.04
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