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

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

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Electricity price today in Norway (West)

Right now the price of electricity in Norway (West) is   0.005 โ‚ฌ/kWh -12,4 %

Highest electricity price today is 0.026 โ‚ฌ/kWh at 19-20 Lowest electricity price today is 0.005 โ‚ฌ/kWh at 13-14 On average the electricity price today is ~0.021 โ‚ฌ/kWh
Detailed tabled Last 30 days

A shower costs today
0.03 โ‚ฌ in Norway (West)

Lowest price today: 0.16 โ‚ฌ Highest price today: 0.03 โ‚ฌ

10 min, 160 l of water = ~6 kWh

A bath costs today
0.04 โ‚ฌ in Norway (West)

Lowest price today: 0.19 โ‚ฌ Highest price today: 0.04 โ‚ฌ

200 liters of water = ~7,5 kWh

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

 

1000W x 24 hours = 24 kWh

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

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
0.01 โ‚ฌ in Norway (West)

Lowest price today: 0.03 โ‚ฌ Highest price today: 0.01 โ‚ฌ

Oven for 30 min = ~1,1 kWh

Charge an electric car costs today
0.23 โ‚ฌ in Norway (West)

Lowest price today: 1.17 โ‚ฌ Highest price today: 0.23 โ‚ฌ

Nissan Leaf 10-80% = ~45 kWh

More examples
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Electricity market in NO5 (West) zone of Norway

Norway's electricity market: The western zone

In Norway, the electricity market is segmented into five zones, each catering to the needs of its respective region. The NO5 zone, encompassing the western part of Norway, is one of these zones. This area is notably represented by Bergen, the second-largest city in Norway, renowned for its historical significance and natural beauty.

Implementation of smart metering in the west

Consistent with EU regulations, Norway has rolled out smart metering across the country, including in the NO5 zone. These meters are vital for providing detailed electricity consumption data. In the western region, characterized by varied weather conditions and topography, smart meters aid in efficient energy management.

Residents of the NO5 zone, particularly in Bergen, utilize the data from these meters to optimize their electricity usage. This technology plays a key role in the region's approach to energy conservation and sustainability.

Renewable energy in the NO5 zone

The NO5 zone is committed to renewable energy, with a significant portion of its electricity generated from sustainable sources. While hydroelectric power dominates, the region also explores other renewable energies to diversify its energy portfolio. This approach underscores Norway's dedication to reducing environmental impacts and promoting green energy solutions.

Western Norway's landscape offers unique opportunities for harnessing renewable energy. The NO5 zone leverages these natural resources to maintain a stable and eco-friendly energy supply.

Electric vehicles in Bergen and surrounding areas

Bergen, within the NO5 zone, is actively embracing Norway's push towards electric vehicles (EVs). The region supports this transition with a growing network of charging stations and incentives for EV users. The adoption of electric vehicles in Bergen reflects a broader commitment to sustainable transportation and reduced carbon emissions.

This increase in EVs in the NO5 zone influences the local electricity market, contributing to a shift in energy demand patterns. This trend is an important aspect of the evolving energy landscape in western Norway.

The NO5 zone in the european electricity market

The NO5 zone, though geographically located in western Norway, plays a crucial role in the European electricity market. The region is connected to the broader European electricity grid, facilitating cross-border energy exchange. This interconnection ensures a resilient and efficient energy supply within Norway and contributes to the overall stability of the European electricity market.

The strategic positioning of the NO5 zone enhances its capacity for energy trade and collaboration within Europe. This integration is vital for energy security and supports the collective goal of sustainable energy utilization across the continent.


Energy saving tips

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 (West) you can save 0.02 โ‚ฌ for each shower.

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 (West) it is 0.93 โ‚ฌ cheaper to charge at the hours with the lowest price.

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 13:22

Data source is ENTSO-E