On Monday, electricity prices will be the highest in central Norway. Between 6 and 7 p.m., the electricity price there will be NOK 1.99 per kilowatt hour (kWh).
According to Europower, electricity prices in southern Norway will be the most expensive since February. In the north of the country, it will be the second most expensive day of the year.
It will be most expensive in central Norway.
In south-east, south-west and west Norway, the price will be NOK 1.86 per kWh at its highest, and in northern Norway it will be NOK 1.32, figures from hvakosterstrommen.no show.
Watch out for these times
In South-East and South-West Norway, i.e. OA’s catchment area, there will be an average price for electricity of 93.3 øre per kilowatt hour (kWh) on Monday and a maximum price of NOK 1.86. Also, the hour immediately before and the two following hours cost significantly more than the rest of the day.
Monday’s average price per kWh is 36.8 øre higher than Sunday and 20.4 øre higher than the same day last year, figures from hvakosterstrommen.no show.
The maximum price on Monday of NOK 1.86 per kWh is between 6 and 7 p.m. It is NOK 1.015 higher than Sunday and 96.2 øre higher than the same day last year.
Also cheapest in the country
If you disregard the electricity subsidy, but include VAT (25 per cent), consumption tax (15.84 øre per kWh) and fee to Enova (1 øre per kWh), the maximum price in South-East and South-West Norway would be NOK 2.53.
90 per cent of the price above 73 øre is covered by the electricity subsidy, and the subsidy is calculated hour by hour. This means that in the hour the price is NOK 1.86, NOK 1.017 is covered.
The minimum price in South-East Norway is 70.06 øre per kWh between 12 noon and 1 pm and is the lowest in the country.
That’s how much power you use
One kilowatt hour corresponds to electricity consumption of one kilowatt over one hour. A ten-minute shower uses an average of around 4.5 kWh, but this depends on the temperature and how much water the shower head delivers.
On Saturday, the maximum and minimum prices in the country were respectively 87.1 øre per kWh and 38.5 øre per kWh. On the same day last year, it was 89.7 øre per kWh and 2.009 øre per kWh.
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