๐Ÿ‡ณ๐Ÿ‡ด Electricity spot price in Norway (Mid) today โ€“ July 24, 2024

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

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Electricity price today in Norway (Mid)

Right now the price of electricity in Norway (Mid) is   0.022 โ‚ฌ/kWh +2,5 %

Highest electricity price today is 0.026 โ‚ฌ/kWh at 19-20 Lowest electricity price today is 0.019 โ‚ฌ/kWh at 03-04 On average the electricity price today is ~0.022 โ‚ฌ/kWh
Detailed tabled Last 30 days

A shower costs today
0.13 โ‚ฌ in Norway (Mid)

Lowest price today: 0.16 โ‚ฌ Highest price today: 0.11 โ‚ฌ

10 min, 160 l of water = ~6 kWh

A bath costs today
0.17 โ‚ฌ in Norway (Mid)

Lowest price today: 0.19 โ‚ฌ Highest price today: 0.14 โ‚ฌ

200 liters of water = ~7,5 kWh

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

 

1000W x 24 hours = 24 kWh

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

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
0.02 โ‚ฌ in Norway (Mid)

Lowest price today: 0.03 โ‚ฌ Highest price today: 0.02 โ‚ฌ

Oven for 30 min = ~1,1 kWh

Charge an electric car costs today
0.99 โ‚ฌ in Norway (Mid)

Lowest price today: 1.17 โ‚ฌ Highest price today: 0.85 โ‚ฌ

Nissan Leaf 10-80% = ~45 kWh

More examples
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Electricity market in NO3 (Mid) zone of Norway

Norway's electricity market and price zones

The electricity market in Norway is efficiently structured into five price zones to cater to different geographical areas. The NO3 zone, situated in the mid-region of Norway, is one of these zones. This area is represented by Trondheim, the largest city in the region, known for its rich cultural heritage and technological advancements.

Smart meter technology in the NO3 zone

Compliant with EU regulations, Norway has fully implemented smart meter technology across the country, including in the NO3 zone. These meters are instrumental in providing detailed hourly data on electricity consumption. This technology is particularly beneficial in the NO3 zone, adapting to the unique energy needs and consumption patterns of the region.

The inhabitants of the NO3 zone, including those in Trondheim, benefit from the data provided by these meters. This information helps consumers understand and optimize their electricity usage, aligning with Norway's goal of efficient energy utilization.

Renewable energy in central Norway

The NO3 zone is committed to sustainable energy production, with a significant focus on renewable sources. Hydroelectric power continues to be a major contributor, but the region also explores other renewable options. This diverse approach to energy production reflects Norway's dedication to environmental sustainability.

Central Norway's varied landscape and climatic conditions provide unique opportunities for renewable energy generation. The NO3 zone leverages these natural resources to maintain a stable and sustainable energy supply.

Electric vehicle usage in Trondheim and surrounding areas

In line with Norway's national policy, the NO3 zone, particularly Trondheim, has seen a notable increase in electric vehicle (EV) adoption. This region supports this shift with a comprehensive network of charging stations and incentives for EV owners.

The rise of electric vehicles in the NO3 zone is not only an environmental milestone but also an important factor in the local electricity market. The increasing prevalence of EVs influences the demand for electricity, adding a new dimension to the energy landscape of the region.

Integration with the EU electricity market

The NO3 zone's electricity market is intricately linked with the broader European electricity network. Through various interconnectors, this region plays a pivotal role in the cross-border exchange of electricity. This integration is vital for the stability and efficiency of the electricity market in both Norway and Europe.

The strategic location of the NO3 zone enhances its capacity to engage in energy exchange with neighboring countries. This not only ensures a steady energy supply but also fosters collaboration and energy security on a continental scale.


Energy saving tips

Switch to energy-saving light bulbs

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.

Lower the temperature by one degree

Heating is one of the things that consumes the most electricity in a typical home. You save about 5% of the costs for heating for every degree you lower the interior temperature.

Questions and answers about electricity

What determines the electricity spot price?

Supply and demand determine the price of electricity in Europe. If there is a high production of electricity from power plants and demand is low, the price will fall. If, on the other hand, the production of electricity is small and demand is high, prices will increase. Therefore, the price of electricity is often highest in winter, as the need for electricity for heating is highest.

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: Wed, 24 Jul 2024 13:30

Data source is ENTSO-E