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Electricity prices were negative last night in Southern and Eastern Norway

Electricity light bulbPhoto: Diz Play / Unsplash

Electricity prices are falling, and for a period during the night between Saturday and Sunday, prices in Southern and Eastern Norway were negative.

The prices in the south and east were minus 0.3 øre, minus 1.0 øre, minus 1.9 øre for two hours, and then minus 1.0 øre again from 5 to 6 AM, according to the power exchange Nord Pool, E24 writes (prices are per kilowatt-hour).

Prices fell already on Saturday night, from around one krone per kilowatt-hour at 6 PM to 15 øre after 11 PM.

“The decline we see in prices tonight is simply due to the fact that there’s a lot of wind lot in Germany, the Netherlands, and partly Denmark, so now we get the benefit of the cables we have abroad,” power analyst Marius Holm Rennesund in Thema Consulting stated.

The prices were also negative for a few hours in Trøndelag and Northern Norway on Sunday morning, but only at a marginal 0.01 øre. 

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

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