Negative power price for the first time in history

Wind turbines in the municipality of Eigersund in Rogaland.Wind turbines in the municipality of Eigersund in Rogaland.Photo: Terje Pedersen / NTB scanpix

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Night to Monday the cost for 1 kilowatt-hour of electricity was at minus 0.1 cent, which has never happened before in this country. The reason is due to a lot of wind and rain.

According to Europower Energy, the negative price became a reality between 4 and 5 o’clock, Monday morning. This was true in the three southern price areas.

Negative price means the suppliers have to pay to sell the electricity, writes Dagens Næringsliv.

– “It is a very low electricity price, but you still have to pay for the electricity grid fee,and electricity line fee, so the electricity is not free. But the power price itself, including fees, is now only 40 percent of what the price would have been in a more normal situation,” says power analyst Ole Tom Djupskås in Refinitiv to the newspaper.

© NTB Scanpix / #Norway Today

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