The statement i have heard is they have to have reserves for the winter. Wich is probably why its not higher. I cant say for sure. Anyone else have some updated info
The fact that we are a part of the EEA has a big effect on this.
Because Norwegians are to passive, and will never stand up to the government who is ripping them off?
It’s because we are exporting abroad. Demand in Europe dictates the prices in southern Norway.
Ask the Germans…
Norway is either the Texas or Florida of the Schengen countries.
I will play the devils advocate here and say that I think that the old electricty prices were way too low. You can’t treat electricity as a resource when it costs 2 cents/kwh.
For example it literally doesn’t pay off to invest money into sustainable ideas such as better insulation, triple glazed windows, solar pannels, geothermal heating etc. when electricity is dirt cheap. It promotes wasting energy which is literally the opposite of what Norway claims to be.
Because it got cold.
People are saying it’s purely due to export, but that’s not the explanation for this short run price swing.
Most of Norwegian heating comes from electricity, when it gets cold we use more heating, so we consume more electricity. So, all other things being equal, prices increase
We’re members of Nord Pool power market. So even though only 2-3% of the power we produce get exported, the international price market drives our prices up. This summer the water reserves were depleted due to extremely little snow fall last winter, and an unusually dry summer, so there’s no mystery to the high prices.
And we have had extremely cheap electricity leading up to maybe 2020-21.
We signed the ACER agreement so some rich people could line their pockets.
We NEVER should’ve signed it, and now everyone has to pay the price.
Right now the price went up for two reasons.
1. It got a lot colder real fast.
2. The swedes have turned off their river hydro electric for a couple of days.
Also, while water reserves are at 83% this is historically not very high and there will likely be no more rain until spring for the reservoirs.
Because it’s not producing power when filling up or holding, it’s producing power when emptying.
It’s kinda like a.. reserve..
The only relevant question is – who wants the Norwegian government to turn every citizen into a electricity speculator full time.
Our forefathers and mothers didn’t make electricity abundant in Norway for turning Norway into Enron.
Maybe we should put all peoples salaries into the stock market by law as well, government deicides the stock portfolio, you can change it 3 times a year. Hope you chose well.
14 comments
The statement i have heard is they have to have reserves for the winter. Wich is probably why its not higher. I cant say for sure. Anyone else have some updated info
The fact that we are a part of the EEA has a big effect on this.
Because Norwegians are to passive, and will never stand up to the government who is ripping them off?
It’s because we are exporting abroad. Demand in Europe dictates the prices in southern Norway.
Ask the Germans…
Norway is either the Texas or Florida of the Schengen countries.
I will play the devils advocate here and say that I think that the old electricty prices were way too low. You can’t treat electricity as a resource when it costs 2 cents/kwh.
For example it literally doesn’t pay off to invest money into sustainable ideas such as better insulation, triple glazed windows, solar pannels, geothermal heating etc. when electricity is dirt cheap. It promotes wasting energy which is literally the opposite of what Norway claims to be.
Because it got cold.
People are saying it’s purely due to export, but that’s not the explanation for this short run price swing.
Most of Norwegian heating comes from electricity, when it gets cold we use more heating, so we consume more electricity. So, all other things being equal, prices increase
We’re members of Nord Pool power market. So even though only 2-3% of the power we produce get exported, the international price market drives our prices up. This summer the water reserves were depleted due to extremely little snow fall last winter, and an unusually dry summer, so there’s no mystery to the high prices.
And we have had extremely cheap electricity leading up to maybe 2020-21.
We signed the ACER agreement so some rich people could line their pockets.
We NEVER should’ve signed it, and now everyone has to pay the price.
Right now the price went up for two reasons.
1. It got a lot colder real fast.
2. The swedes have turned off their river hydro electric for a couple of days.
Also, while water reserves are at 83% this is historically not very high and there will likely be no more rain until spring for the reservoirs.
Because it’s not producing power when filling up or holding, it’s producing power when emptying.
It’s kinda like a.. reserve..
Put this link into google translate: [https://www.faktisk.no/artikler/zl9dw/dette-ma-du-vite-om-stromprisene](https://www.faktisk.no/artikler/zl9dw/dette-ma-du-vite-om-stromprisene)
The only relevant question is – who wants the Norwegian government to turn every citizen into a electricity speculator full time.
Our forefathers and mothers didn’t make electricity abundant in Norway for turning Norway into Enron.
Maybe we should put all peoples salaries into the stock market by law as well, government deicides the stock portfolio, you can change it 3 times a year. Hope you chose well.