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Teknisk Ukeblad: The price of electricity will fall sharply on Saturday

Wind power production has an impact on what can be a negative electricity price throughout the country, and it also affects the price in Norway through the cable connections, writes Teknisk Ukeblad.

The price will be around 19 øre / kWh from Saturday night, confirms Edgeir Vårdal Aksnes, head of the electricity company Tibber, to the website. How long the price level will stay is impossible to say.

Many may think that it is the heavy rain in recent days that affects the price of power, but Aksnes points out that this is not the case.

– It does not turn out so fast. This time it is German wind power that strikes. Especially in southern Norway, but also in the rest of the country. This is the positive side of having cables abroad where there is a lot of wind power, he says.

Although the rain is not causing the price to fall now, the precipitation has already affected the price. The estimate for the price in six months has already fallen between 10 and 20 percent, according to Teknisk Ukeblad.

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