Southern Norway gets highest Sunday electricity prices in several years
Published
On Sunday, southern Norway will face the highest electricity price in several years. The spot price in price area NO2 is 2.03 NOK/kWh. This is the highest price since December 2022.
NO2 is one of Norway's five electricity price areas. The area covers, among other places, large parts of Sørlandet and Vestlandet, and Rogaland. The spot price is the price for electricity that is traded the day before it is to be used. The price can change from hour to hour, and it can vary a great deal between the different areas of the country.
For households, a high spot price often means a higher electricity bill if they have an agreement with a variable price. Many customers have a fixed price or other agreements, and so they do not always notice the high prices directly. Nevertheless, there is a clear difference between Sunday's price and the prices in recent years.
The high price shows how quickly electricity prices can change in Norway. Customers who want to keep track of prices can check the hourly prices on their electricity supplier's website. There they can also find information about their agreements and possible savings.
Sources: Traders Union
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