spotpris el 7: The Electricity Market -

Published May 13, 22
6 min read

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On 5 July 2020, the daily average area cost for electrical power at Nord Swimming pool was 0. 72/ MWh the all-time low while it is presently above 88/ MWh (29 September 2021). I have actually been associated with the power markets for 2 decades. There have actually constantly been ups and downs, but the current strong price recovery has been rather extraordinary - elproduktionen.

To me, this indicates that the market is working when the market fundamentals alter, like need for electricity or the costs of fuel, we see corresponding modifications in the power rates also here in the Nordics - nord pool. A recuperating world economy is raising electrical power prices here's how The Covid-19 pandemic and related lockdowns in the major European economies throughout the second and 3rd quarters of 2020 resulted in a clear drop in power demand in Europe, although, the effect on Nordic power demand was rather restricted.

Due to this, the Chinese power supply is having a tough time meeting demand. As an outcome, the Chinese power sector is using a lot of the Liquefied Natural Gas (LNG) from the global LNG market.

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At the same time, Europe's cold spring left the gas storages empty and low winds in the autumn have developed an increased demand for traditional power generation on the European continent. All this, combined with a lower-than-normal supply of LNG, diminishing domestic production and inadequate import of pipeline gas to Western Europe, suggests that gas storage levels in Europe have stayed low (svenska kraftnät).

This has actually resulted in really elevated Continental European power prices since gas-fired power generation sets the cost level in those power markets. CO2 allowance costs have gone up since of EU's tightened climate objectives and the decreasing number of CO2 allowances in the allowances auctions, which puts upward pressure on Continental European power costs.

As there hasn't been that much rain and wind this has actually led to both lower wind and hydropower generation which also has actually added to the increased cost of electrical energy (norden). In addition, the power transmission cable television from Norway to Continental Europe (to Germany) - "the Nordlink" - came online less than a year ago and increased the possibility to export power to Continental Europe - efterfrågan.

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In combination with the low level of water in the Nordic hydro reservoirs, these 2 big cables have brought Continental and Nordic power prices closer to the same level although the Nordic rate levels are still well below, for instance, Germany (nedan visar genomsnittliga) - nedan visar genomsnittliga. More transmission capability in between the Nordics and Continental Europe need to over time-align the Nordic and Continental costs.

Even more, the Nordic wind power boom will continue for a while, and the new Finnish nuclear power system (Olkiluoto 3) will be commissioned next year, which puts downward pressure on Nordic power forward prices. What's the effect on customers' electricity costs? I guess that the most fascinating question for a lot of us is, that what does this mean for my own or my business's energy bill? Both electricity consumers and manufacturers can protect their electrical power prices, which lowers the impact of the rate variation and offers more predictability of the cost.

Large electrical energy consumers and manufacturers can use various financial instruments to lock future power prices to a specific level this activity is called hedging. fortsatt höga spotpriser. In practice, this indicates that both buyer and seller know the price of the offered or procured electrical power in advance, and the impact of varying wholesale rates is restricted.

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The price is determined by demand. When access to electrical power is high, the spot price falls and during scarcities, the area rate rises.

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On the other hand, you might miss out on an increase on electrical power costs. On November 1, 2011, Sweden was divided into four electricity rate locations. In northern Sweden, electrical energy generation is higher than electrical power intake. norrland. In southern Sweden, more electricity is taken in than the quantity generated, which means that electrical energy costs are higher in the two southernmost Electrical power Rate Locations.

OSLO, Dec 17 (Reuters) - Customers in Sweden and Finland may have the ability to anticipate lower household expenses after the Swedish power grid operator on Thursday said it expects spot power costs to fall over the next 5 years. But in Norway, wholesale spot power rates, an essential component in end-user prices together with taxes and levies, could increase, grid operator Svenska Kraftnat anticipated.

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Svenska Kraftnat anticipates Finnish spot rates will fall by 5 euros to 34 euros per megawatt-hour (MWh) over 2021-2025. This is due to a planned startup of the 1,600 megawatt (MW) Olkiluoto-3 nuclear reactor which will increase supply and minimize the requirement for imports from Sweden and other nations. Swedish power rates are also expected to fall by 2-3 euros to 29-34 euros/MWh over the very same period, lowered by a boost in wind power supply, it included (månaden och).

This follows the start of exports through a new power cable to Germany, and prepare for another link to Britain next year (energi). Norway likewise leads the world in number of electrical automobiles per capita, and plans to supply more power from land to its oil and gas platforms in the North Sea.

Rate volatility will increase, with prices of listed below 5 euros/MWh and above 80 euros/MWh occurring regularly, the report said. This shows a larger share of periodic power sources and a smaller share of output from producers that can prepare production levels. Nordic nations are expected to stay net power exporters with annual supply increase of 40 TWh more than balancing out an anticipated demand boost by 32 TWh from 2021 to 446 TWh in 2025 - fyra elområden.

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Prices of electrical energy exclusive of public taxes (user tax on electrical energy, value included tax and aids to Enova) and electrical power support and unique of grid lease. This is explained in more detail in the annotations in the tables. The statistics then only covers the part of the electrical power supply exposed for competition - vädret - värmepumpar.

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Taxes for families includes tax on intake of electrical power, value added tax (VAT) and aids to Enova. All counties in Norway have the exact same tax rate for the intake of electricity, apart from some parts of Troms and the entire of Finnmark, which are exempt. The Enova tax was 1 re/k, Wh in 2021 and is the exact same for all homes throughout the country - norden.