Monthly report · day-ahead marketElectricity prices in Norway, May 2024
May 2024
Monthly averageNOK 0.473NOK 472.67/MWh
Cheapest day16 MayNOK 0.208/kWh
Most expensive day8 MayNOK 0.894/kWh
Hours below zero38h
In May 2024, electricity on the day-ahead market in Norway cost an average of NOK 0.473/kWh (NOK 472.67/MWh).
That is 19% less than in April 2024.
The cheapest day was Thursday, 16 May 2024, averaging NOK 0.208/kWh; the most expensive was Wednesday, 8 May 2024 at NOK 0.894/kWh.
The lowest price came on 19 May 2024 at 14:00 (NOK -0.172/kWh), the highest on 6 May 2024 at 20:00 (NOK 1.520/kWh). In total, prices were below zero for 38 hours.
On an average day, the cheapest three hours were 12:00–15:00. Weekends were on average 25% cheaper than weekdays.
Compared with
- Previous month (April 2024)
- NOK 0.582 ▼
- Weekdays
- NOK 0.506
- Weekends
- NOK 0.378
Wholesale price · /kWh
Price by day
Daily wholesale average; the line marks the monthly average.
/kWh
The average day
Average wholesale price for each hour of the day this month.
/kWh · 12:00–15:00
All days
| Day | Average | Lowest | Highest | Hours < 0 |
|---|---|---|---|---|
| 1 May Wednesday | NOK 0.272 | NOK 0.005 14:00 | NOK 0.538 02:00 | – |
| 2 May Thursday | NOK 0.280 | NOK 0.001 13:00 | NOK 0.565 07:00 | – |
| 3 May Friday | NOK 0.417 | NOK 0.334 01:00 | NOK 0.556 23:00 | – |
| 4 May Saturday | NOK 0.466 | NOK 0.171 13:00 | NOK 0.544 20:00 | – |
| 5 May Sunday | NOK 0.388 | NOK 0.022 14:00 | NOK 0.540 06:00 | – |
| 6 May Monday | NOK 0.704 | NOK 0.530 05:00 | NOK 1.520 20:00 | – |
| 7 May Tuesday | NOK 0.883 | NOK 0.529 14:00 | NOK 1.307 07:00 | – |
| 8 May Wednesday | NOK 0.894 | NOK 0.660 15:00 | NOK 1.315 07:00 | – |
| 9 May Thursday | NOK 0.524 | NOK -0.002 13:00 | NOK 0.989 19:00 | 2 |
| 10 May Friday | NOK 0.500 | NOK 0.005 13:00 | NOK 0.660 06:00 | – |
| 11 May Saturday | NOK 0.361 | NOK -0.010 14:00 | NOK 0.602 19:00 | 4 |
| 12 May Sunday | NOK 0.231 | NOK -0.075 13:00 | NOK 0.554 21:00 | 8 |
| 13 May Monday | NOK 0.298 | NOK 0.003 14:00 | NOK 0.514 08:00 | – |
| 14 May Tuesday | NOK 0.208 | NOK -0.057 14:00 | NOK 0.432 07:00 | 6 |
| 15 May Wednesday | NOK 0.272 | NOK -0.002 14:00 | NOK 0.431 08:00 | 2 |
| 16 May Thursday | NOK 0.208 | NOK -0.002 13:00 | NOK 0.404 07:00 | 2 |
| 17 May Friday | NOK 0.255 | NOK 0.163 14:00 | NOK 0.369 08:00 | – |
| 18 May Saturday | NOK 0.342 | NOK -0.031 14:00 | NOK 0.537 21:00 | 4 |
| 19 May Sunday | NOK 0.342 | NOK -0.172 14:00 | NOK 0.561 21:00 | 5 |
| 20 May Monday | NOK 0.425 | NOK 0.000 13:00 | NOK 0.569 20:00 | – |
| 21 May Tuesday | NOK 0.521 | NOK 0.321 12:00 | NOK 0.622 08:00 | – |
| 22 May Wednesday | NOK 0.400 | NOK 0.172 14:00 | NOK 0.587 20:00 | – |
| 23 May Thursday | NOK 0.604 | NOK 0.364 03:00 | NOK 0.797 20:00 | – |
| 24 May Friday | NOK 0.674 | NOK 0.624 01:00 | NOK 0.846 19:00 | – |
| 25 May Saturday | NOK 0.492 | NOK 0.000 14:00 | NOK 0.656 20:00 | – |
| 26 May Sunday | NOK 0.402 | NOK -0.069 13:00 | NOK 0.647 20:00 | 5 |
| 27 May Monday | NOK 0.647 | NOK 0.556 05:00 | NOK 0.793 20:00 | – |
| 28 May Tuesday | NOK 0.716 | NOK 0.609 13:00 | NOK 0.910 18:00 | – |
| 29 May Wednesday | NOK 0.578 | NOK 0.366 13:00 | NOK 0.865 19:00 | – |
| 30 May Thursday | NOK 0.669 | NOK 0.513 06:00 | NOK 0.857 19:00 | – |
| 31 May Friday | NOK 0.681 | NOK 0.492 15:00 | NOK 0.867 08:00 | – |
/kWh · Today · Methodology