Power prices, Power | On Tuesday, you will again be paid for using electricity

Power prices, Power | On Tuesday, you will again be paid for using electricity
Power prices, Power | On Tuesday, you will again be paid for using electricity
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In the past it was completely unthinkable, but in the last year there have been negative electricity prices at regular intervals.

It simply means that so much electricity is produced that the producers have to pay to get rid of it – and the customers get paid.

Usually this happens at weekends, but on Tuesday the stage is set for negative electricity prices throughout southern Norway (NO1, NO2 and NO5) for six hours. At the lowest, you get paid more than 7 øre per kWh.

The reason is high production from the sun, while consumption is relatively low. On Tuesday, partly high winds are also expected in the North Sea area.

The Netherlands is the source

As usual, it is the Netherlands that is the source of the problems: The country has developed very large amounts of solar energy, where the producers sell at fixed prices – whether the electricity is needed or not.

In addition, there are many manufacturers who can make money by selling even at negative prices. The reason is income from, among other things, guarantees of origin and green certificates.

Since there must be a balance between demand and supply, prices are pushed below zero to increase consumption and decrease production.

Still a losing project to use a lot of electricity

Although there are negative electricity prices throughout the day, it is still difficult to make money as a private person using electricity.

The reason is that the online rent of around 50-60 øre is higher than the negative electricity prices.

In addition, a high electricity consumption during these hours will for most people mean that you have to pay more in “fixed link”, also called capacity link or power link, on the network rent. At Norway’s largest internet provider, a jump from one step to the next typically means an extra NOK 100.

The article is in Norwegian

Tags: Power prices Power Tuesday paid electricity

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