We signed up for the Norgespris agreement, where you pay 0.50 kr (incl. VAT) per kWh when the spot price is above 0.50 kr.

But the math didn’t seem to math at the end of October — our electricity cost ended up being more than half of the total kWh used (not counting nettleie). I figured maybe it was because some days the spot price was below 0.50 kr, so I didn’t think much of it.

Now in November, the spot price has been above the threshold on both the 1st and 2nd, but we’re only getting about a 28 kr discount instead of roughly 44 kr (half of the kWh used so far). Why is that? Are there any hidden costs I’m missing?

by ninnibear

14 comments

  1. You pay 0,5 kr per kwh no matter what the spot price is. It is for all practical matters a fixed price contract. It is calculated on an hour by hour basis.

  2. You pay 0,50 kr/kWh no matter what the spot is. It’s a flat tariff.

  3. So 2 things to note about your picture and what you wrote ( I just woke up don’t judge me) but Norges pris is 0.50kr regardless of what the spotprice is. So it is a little bit of a gamble. If spotprice is higher you save money, if it is lower you lose money. However for the past month I think spotprice has been lower for only like 2-5 days if I remember correctly.

    Secondly, you still pay nettleie and your electricity provider for whatever extra costs such as app usage or whatever. So Norgespris covers the kwh itself. But there’s some other fees that still add up to the total amount. The nettleie price is decided on when you use your most electricity, so it is still advisable to use most electricity in the night so that your nettleie is cheapest

  4. Norgespris is a fixed price thing, where you pay 0.50 kr regardless of the spot price. It’s not a ceiling of 0.50kr, it’s a fixed price even if the spot price is below 0.50 kr .

  5. Unrelated to question but Norwegian energy only costs 0.5nok? 4 euro cents??

  6. Some providers add a påslag to the amount you pay (e.g. Fortum adds 5.9 øre per kWh), and some also charge a fixed monthly fee. Both of these are in addition to what you pay for Norgespris. Could it be something like that?

  7. The spot price for those two days was roughly 0.73NOK/kWh including VAT, assuming that you are in NO2 which is the most expensive region of Norway. That means you get back roughly 0.23NOK/kWh. Your usage is 92.7kWh, which means you get roughly 21 NOK back for those two days. Your number is a bit higher at 28.8 NOK, which is probably because your usage was a bit higher in the most expensive hours, which results in a higher average price than the 0.73NOK/kWh that I calculated.

    You are paying 88.3-28.8=59.5 NOK for a usage of 92.7kWh, which is 0.64NOK/kWh. The reason that this number is significantly higher than 0.50NOK/kWh is likely that you have an agreement with your provider that involves paying a significant contribution towards their profit. You may want to consider finding a better deal.

  9. Norgespris is a subsidy from the state which is managed by the net suppliers, so it will be on the nettleie part of the bill. You pay full price to your power supplier and gets the difference subtracted from the nettleie (or added if the spot price in total is lower than Norgespris). Many get the nettleie and the electricity billed together, and then it won’t matter, but if not, you may have to pay a high electricity bill and a low nettleie bill (or even get money back from the net owner).

  10. One piece of the puzzle that is not visible in your screenshots is what surcharge you pay to your electricty supplier. The Norgespris rate of 0,50kr *does not include* the surcharge that your supplier charges, that surcharge is part of your contract with the supplier.

    Based on your usage of 92,7kwh and cost of 59,50 (after the Norgespris discount), you are being charged 0,64 per kwh. Is it possible that you are paying 0,14kr per kwh in fees? If so you should really consider changing suppliers, you can look up cheaper ones here: [https://www.forbrukerradet.no/strompris/](https://www.forbrukerradet.no/strompris/) Cheap ones should not be more than a few øre per kwh.

    If you can’t find that info in the app, you need to check your latest bill, where all such details should be listed.

  12. This is the math:

    The your monthly kWh usage is recorded as well as the monthly spot price average. Then whatever is over 0,5 kr/kwh is deducted. You will be refunded on your grid providers bill.

    Remember that your spot price provider often take a part of the cake too. For Tibber for instance, it’s an extra 0,04 kr/kWh + 49,- kr monthly. This you have to pay either way.

    And then it’s the grid providers bill. Depending on three hours during the month with the highest power usage you are placed into a category that determines their fixed rate (2-400 kr monthly) + amount per kWh, around 0,25 to 0,5 kr/kwh if I remember correctly.

    So:

    Spot price providers monthly fee +
    Spot price providers per kWh fee +
    Norges pris (as a calculated average) +
    Grid providers monthly fee +
    Grid providers per kWh fee =

    your electricity bill(s).

  13. Remember when electricity had 400-700% price spikes, but your total bill didn’t even double? Or why we had negative prices, and we still paid?

    The actual cost of electricity is a fraction of our total cost

  14. Because you still pay full price as before but now you are getting money back from nettleie, so fjordkraft will still charge you as before. Anyway I would recommend to change your provider, you are likely paying to much

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