Right now 0.037 €/kWh -13,7 %
0.041 €/kWh at 18-19 0.018 €/kWh at 13-14 ~0.036 €/kWh0.24 € 0.11 €
10 min, 160 l of water = ~6 kWh
0.31 € 0.14 €
200 liters of water = ~7,5 kWh
1000W x 24 hours = 24 kWh
<0.01 € <0.01 €
Hot plate for 4 min = ~0,12 kWh
0.04 € 0.02 €
Oven for 30 min = ~1,1 kWh
1.83 € 0.82 €
Nissan Leaf 10-80% = ~45 kWh
Norway's electricity market structure is unique, segmented into five distinct price zones. This segmentation ensures efficient energy distribution and pricing across the country. Among these, the NO1 zone, located in Eastern Norway, is of particular significance.
The NO1 zone includes Oslo, Norway's capital. Oslo is not only the largest city in this zone but also serves as the country's economic and administrative center. The city's prominence influences the energy dynamics in the NO1 zone.
In line with EU regulations, Norway has fully embraced smart meter technology. Each household, including those in the NO1 zone, is equipped with these advanced meters. Smart meters are pivotal for energy management and efficiency.
These meters record electricity usage every hour. This frequent data collection provides consumers with detailed insights into their consumption patterns. In the NO1 zone, many households have adapted their usage based on this data, optimizing their energy consumption.
Additionally, a significant portion of households in this zone have their electricity plans linked to the spot price. These plans are responsive to the hourly fluctuations in electricity prices, which are displayed on this page. This system allows consumers to make informed decisions about their energy use.
Norway's approach to energy production is heavily focused on sustainability. The country primarily relies on renewable energy sources, with hydroelectric power being the cornerstone. In the NO1 zone, hydroelectric plants are a key feature of the energy landscape.
These plants harness Norway's rich water resources, converting them into clean and sustainable energy. This emphasis on hydroelectric power not only meets local energy demands but also aligns with Norway's broader environmental commitments.
Norway is a pioneer in the adoption of electric vehicles (EVs), a trend that is clearly evident in the NO1 zone. The region has witnessed a substantial increase in EV usage, driven by supportive government policies and a robust charging infrastructure.
This shift towards electric vehicles is a critical element of Norway's environmental strategy. By reducing reliance on fossil-fueled transportation, the NO1 zone contributes significantly to the country's overall emission reduction goals.
Although Norway is not an EU member, it has a vital role in the European electricity market. The country's energy sector is interconnected with the European grid, facilitating a seamless energy exchange.
These interconnections enable Norway to export its surplus renewable energy, particularly hydroelectric power, to its neighbors. Conversely, Norway can import energy when domestic production is insufficient. This cooperative approach enhances energy security and efficiency both in Norway and across Europe.
The price of electricity can fluctuate a lot during the day and charging an electric car consumes a lot of electricity. With the cost of electricity today in Norway (East) it is 1.01 € cheaper to charge at the hours with the lowest price.
Lighting is not the thing that uses the most electricity, but it can still be a good investment to switch to energy-efficient and LED lights. These provide up to 10x more light with the same amount of energy.
Most electricity companies in Europe buy electricity on a common market place, such as Nord Pool. All power plants that produce electricity and electricity companies that supply electricity to homes and businesses meet there. Based on supply and demand, prices are set for each hour and each area, one day in advance. Some countries, such as Norway, are divided into several different price areas, each of which has its own spot price.
All prices are current open market spot prices in the day-ahead segment without local vat, tax or other additions.
Timezone is Central European Time (CET) with Daylight Saving Time (DST). Current time: Sat, 12 Oct 2024 01:17
Data source is ENTSO-E