๐Ÿ‡ณ๐Ÿ‡ด Electricity spot price in Norway (East) today โ€“ April 20, 2024

Electricity spot prices in Norway (East) today, hour by hour. Including prices for the last 30 days.

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Electricity price today in Norway (East)

Right now the price of electricity in Norway (East) is   0.061 โ‚ฌ/kWh -3,5 %

Highest electricity price today is 0.063 โ‚ฌ/kWh at 21-22 Lowest electricity price today is 0.029 โ‚ฌ/kWh at 14-15 On average the electricity price today is ~0.054 โ‚ฌ/kWh
Detailed tabled Last 30 days

A shower costs today
0.37 โ‚ฌ in Norway (East)

Lowest price today: 0.38 โ‚ฌ Highest price today: 0.17 โ‚ฌ

10 min, 160 l of water = ~6 kWh

A bath costs today
0.46 โ‚ฌ in Norway (East)

Lowest price today: 0.47 โ‚ฌ Highest price today: 0.22 โ‚ฌ

200 liters of water = ~7,5 kWh

An oven at full blast all day costs today
1.31 โ‚ฌ in Norway (East)

 

1000W x 24 hours = 24 kWh

Boil 1 liter of water costs today
0.01 โ‚ฌ in Norway (East)

Lowest price today: 0.01 โ‚ฌ Highest price today: <0.01 โ‚ฌ

Hot plate for 4 min = ~0,12 kWh

Bake a pizza costs today
0.07 โ‚ฌ in Norway (East)

Lowest price today: 0.07 โ‚ฌ Highest price today: 0.03 โ‚ฌ

Oven for 30 min = ~1,1 kWh

Charge an electric car costs today
2.74 โ‚ฌ in Norway (East)

Lowest price today: 2.85 โ‚ฌ Highest price today: 1.30 โ‚ฌ

Nissan Leaf 10-80% = ~45 kWh

More examples
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Electricity market in NO1 (East) zone of Norway

Introduction to Norway's electricity price zones

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.

Smart metering in norwegian households

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.

Energy production in Norway

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.

Electric vehicles in Norway

EV charging

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.

Norway's integration with the EU electricity market

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.


Energy saving tips

Charge the electric car when electricity is cheapest

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 1.55 โ‚ฌ cheaper to charge at the hours with the lowest price.

Take a shorter shower or install an energy-saving shower

With the energy-saving shower, you can save up to 50% energy compared to standard shower heads. Or you can shower half the time. With the electricity price today in Norway (East) you can save 0.18 โ‚ฌ for each shower.

Questions and answers about electricity

What is spot price?

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.

More questions and answers


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, 20 Apr 2024 05:08

Data source is ENTSO-E