– Then we will get German prices in the afternoon, says senior analyst at the technology company Volue Insight Olav Johan Botn. He explains the price jump by saying that there will be little wind on the continent tomorrow, only a third of what is normal. – Then electricity prices in Europe will shoot up and exports out of Norway will be maximum tomorrow afternoon and evening. So it’s the overseas cables that do it? – Yes, but in recent days we have managed to keep the German prices at bay by maximizing exports all the time. But just tomorrow, the need is so great that we will be hit by the same price as in Germany. The average price without network rent and taxes on Tuesday will be around NOK 3.60 per kilowatt hour (kWh) in south-east, south-west and west Norway. The total price in the far south will be between NOK 5 and 6 per kWh between 7pm and 9pm on Tuesday evening. Lack of wind on the continent pushes electricity prices up on Tuesday afternoon. It doesn’t help that it has rained a lot in southern Norway recently, and that the water reservoirs are full. Photo: Erik Wiig Andersen / news Price record in central and northern Norway And the price jump will be felt all over the country. Without net rent and taxes, the average price in central Norway is NOK 2.43 per kWh. In Northern Norway, the price is expected to be NOK 2.12 per kWh, which is a fivefold increase from Monday’s average price, according to NTB. On Tuesday afternoon, prices throughout the country will be around NOK 5 per kilowatt hour. It is a historic top listing for Northern and Central Norway, writes Europower. Senior analyst at Volue Insight Tor Reier Lilleholt, tells NTB that the price jump in the North can partly be explained by the fact that the stores have been drained in the autumn, at the same time that large amounts of electricity have been exported. – There has been little rainfall and thus little replenishment. As a result, the water left in the reservoirs has gained a significantly higher value, he says. Historically high prices are expected in central and northern Norway on Tuesday afternoon. Photo: Asbjørn Odd Berge / news Wet November in the south But in the south, the rain has poured down in several places recently. State meteorologist Bente Wahl tells Fædrelandsvennen that the amount of precipitation in Kristiansand in November is approaching the record year 2009, when 325 millimeters fell. The rainfall has been necessary to fill up the water reservoirs after several months without significant rainfall. Nevertheless, little wind and a lot of power exports mean that prices remain high. The electricity subsidy will not take effect According to the government’s electricity subsidy, the state must pay 90 per cent of the price above 70 øre/kWh. Because the average price in November does not exceed 70 øre, the electricity subsidy will not affect Tuesday’s price jump. – The support will probably be back in full again in December. And so are the high prices. They follow each other hand in hand, says Botnen. But winter’s prices will probably not be at Tuesday’s level, according to Botnen. – We imagine that the prices will stay a little lower, and that it will be somewhere between NOK 2 and 3. It is still much higher than at the same time last year, when the price was around 160 øre per kilowatt hour.
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Price jump in electricity – German prices in the south and a record in the north – news Sørlandet – Local news, TV and radio
