According to Europower, the price of electricity has never been at zero for a single hour in Norway in the winter before.
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Between 4am and 7am is the period when electricity costs zero kroner per kilowatt hour. You get the record low winter hourly price in Oslo (price range N01) and Kristiansand (price range N02).
It is the pure preliminary power price from Nordpool, and any surcharges from the electricity companies are not taken into account. Taxes, online rental and electricity support are also not included.
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Never happened before
That producers do not get paid for electricity production in February has never happened before, according to Europower’s review of price statistics going back to 1996.
The previous hourly record for the winter months of December, January and February was set on Christmas Eve last year in the same price ranges. The price was then down to 0.4 øre per kilowatt hour, the website writes.
Here are the daily prices in the various price areas:
- On Sunday, the price in Eastern Norway (Price area NO1) and South-West Norway (NO2) will be NOK 0.36 per kilowatt hour.
- Western Norway (NO5) receives somewhat higher prices than Eastern Norway at NOK 0.51 per kilowatt hour.
- Central Norway (NO3) receives a daily price of NOK 0.35 per kilowatt hour.
- Northern Norway (price area NO4) gets the lowest price on Sunday with NOK 0.25 per kilowatt hour.
In VG’s electricity special, you can see what the real price is estimated to be where you live.
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