Machine Learning Getting Started Mean Median Mode Standard Deviation Percentile Data Distribution Normal Data Distribution Scatter Plot Linear Regression Polynomial Regression Multiple Regression Scale Train/Test Decision Tree Confusion Matrix Hierarchical Clustering Logistic Regression Grid Search Categorical Data K-means Bootstrap Aggregation Cross Validation AUC - ROC Curve K-nearest neighbors Python Matplotlib Matplotlib Intro Matplotlib Get Started Matplotlib Pyplot Matplotlib Plotting Matplotlib Markers Matplotlib Line Matplotlib Labels Matplotlib Grid Matplotlib Subplot Matplotlib Scatter Matplotlib Bars Matplotlib Histograms Matplotlib Pie Charts Python Modules NumPy Tutorial Pandas Tutorial SciPy Tutorial Django Tutorial The table will also show the total export and import respectively for the period, as well as net power exchange.Python Dictionaries Access Items Change Items Add Items Remove Items Loop Dictionaries Copy Dictionaries Nested Dictionaries Dictionary Methods Dictionary Exercise Python If.Else Python While Loops Python For Loops Python Functions Python Lambda Python Arrays Python Classes/Objects Python Inheritance Python Iterators Python Polymorphism Python Scope Python Modules Python Dates Python Math Python JSON Python RegEx Python PIP Python Try.Except Python User Input Python String Formattingįile Handling Python File Handling Python Read Files Python Write/Create Files Python Delete Files The table on the left will then show the highest (export) and lowest (import) measuring point for the relevant time period. For long-term periods it may be better choose another time resolution, such as Weekly or Monthly. By alternating between export in the daytime and import at night, we optimise the use of resources both in Norway and for our trading partners on the Continent, resulting in a socio-economic benefit on both sides of the border.Īll measurements are on an hourly basis. These power sources are not very flexible, and can consequently offer power at low prices during off-peak periods. This power comes mainly from thermal power plants and wind farms on the Continent. During such shutdowns, we import power to cover consumption in Norway. The price of electricity varies according to demand over a 24-hour period, with the lowest prices during the night and at weekends, and higher prices during the day.īy shutting down the hydroelectric power plants at night and instead use the water during high-price periods in the daytime, the use of the water resources is optimised. The hydroelectric-based Norwegian power system is highly flexible, as power generators have the option to save water for the best-paid periods. The exchange varies from hour to hour and from season to season. Import and export show the total net power exchange for Norway per hour. More statistics can be acquired from Nord Pool Spot, which is the Nordic power exchange. This division into price areas is intended to contribute toward a reduction in the risk of local or regional power deficits. Higher prices in areas with a shortage of energy will also contribute toward reducing consumption.
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This will also result in full utilisation of transmission capacity when there is a need to transmit power from one area to another.
Power will thus flow from low-price areas to high-price areas. This will, in turn, lead to lower power generation in areas with a shortage of energy, while areas with a better balance of energy will produce more than the consumption within their own area. Power generators will normally set higher prices for their power in areas with a shortage of energy than generators in areas with a better balance of energy.
the power and market situation in each area will be determined by which direction power is flowing between the spot market areas. The price is thus not regulated by the authorities, but is a result of the supply and demand for power for this market area which is reported to the power exchange.Ĭonsequently. This means that bidding for purchases and sales of power shall take place specifically for each spot market area for every hour during the next 24 hours. The price areas are market areas for reporting purchases and sales of power on the power exchange. The map shows how much power is being exchanged between the different price areas (spot market areas) right now.
The Nordic region is a single electricity market divided into different price areas (e.g.
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