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Wholesale electricity price in Norway (Oslo)

NO1 · Day-ahead spot prices · ENTSO-E Transparency Platform

Current Price

124.65

EUR/MWh

24h Average

115.3

-5.7% vs. yesterday

24h Low

48.5

24h High

146.7

Renewable share

98%

Nuclear share

0%

Fossil share

0%

Price Chart

Current Generation Mix

Run-of-river: 62.2% (822 MW)
Wind onshore: 22.1% (292 MW)
Hydro reservoir: 14.2% (187 MW)
Waste: 1.6% (21 MW)
Run-of-river62.2%
Wind onshore22.1%
Hydro reservoir14.2%
Waste1.6%

Total: 1.3 GW

The current wholesale electricity price in Norway (Oslo) is 124.65 EUR/MWh (12.46 ct/kWh). Over the past 24 hours, prices have ranged from 48.5 to 146.7 EUR/MWh, with an average of 115.3 EUR/MWh.

The electricity generation in Norway Oslo currently consists of 98% renewable sources, 0% nuclear, and 0% fossil fuels. The generation mix directly influences wholesale prices — hours with high wind and solar production typically see lower prices, while gas-fired generation during peak demand drives prices higher.

FAQ

Why do wholesale prices change every hour?
Electricity cannot be stored economically at scale, so supply must match demand in real-time. Every hour has different conditions: demand is low at night and high during morning/evening peaks. Solar generation peaks at noon, wind varies with weather. The price reflects this hourly balance — when supply is abundant (sunny midday, strong winds), prices drop. When gas plants must run to meet peak demand, prices spike. This is why you see such dramatic swings within a single day.
What influences the price in this bidding zone specifically?
Each bidding zone has a unique price based on its local supply-demand balance and interconnector capacity with neighboring zones. Key factors for this zone include: the installed generation capacity (solar, wind, nuclear, gas, hydro), weather conditions affecting renewable output, demand patterns (industrial activity, heating/cooling needs), available import/export capacity through cross-border interconnectors, and fuel prices (especially natural gas, which often sets the marginal price).
Can consumers benefit from low wholesale prices?
Yes, increasingly so. Many European countries now offer dynamic electricity tariffs that pass wholesale prices through to consumers (with a markup for network charges and taxes). On days with negative wholesale prices, consumers with dynamic tariffs can effectively be paid to consume electricity. However, most households are still on fixed-rate contracts where the wholesale price has only an indirect, delayed effect — typically reflected in annual price adjustments by the utility.

Source: ENTSO-E Transparency Platform · Updated hourly