I presume you are referring to the power price in Southern Norway (N02)?
Because of the cables connecting that area with the grids in continental Europe and UK the spot price in the area is very much dependent on the prices there.
The cables enable Norwegian power companies to export surplus hydro power to those market when the magazines are full, and/or when prices are high there.
It also allow import of power if the level of the magazines are low, or when Europe has surplus wind power. (I.e. power security both ways)
PS> Norway also has cables to Sweden and Denmark where there are oil, gas and nuclear power stations for additional power security.
You forgot the import part and the power security part?
(Selective comprehension?)
When the wind blows and the magazines are overflowing the spot price sometime drops below zero, since it is cheaper to give it away than to stop power production.
Spot prices for electric power in Northern Europe is available here:
No it is NOT wholesale price. Most people in this part of Norway opt for Spot price, while in other parts you may opted for some form of fixed price deal.
Or you can already sign up to join in the upcoming “Norgespris” being offered by the Government from 1, Oct.:
The “smart meter” reads your consumption and compare that to the hourly spot price, which is recorded continuously. Your bill comes monthly and include additional charge for transmission line, any fixed charges + VAT. (No need to read the meter monthly)
I have posted a link to the Nordpool website that list the hourly spot price for NW Europe, the Baltics and Nordic countries before: Nord Pool
In North and Mid-Norway we are less dependent on the spot price in the rest of Europe, since there are insufficient inter-distric transmission lines. (That is about to change though)
We are more dependent on local consumption, wind force, rain and snow melt.
This last few days the price has varied a lot during the day, since we have had an “indian summer” with temperature over 20C and calm, so the price have fluctuated more by anticipated consumption than by weather:
Highest price today at 1:00 PM-2:00 PM: 49.46 øre/kWh
Average today: 23.45 øre/kWh
Lowest price today at 18.00-19.00: 10.72 øre/kWh
Source: Strømpris i dag time for time – Se oppdatert graf | Lyse
How much the auction in Holland, (North or South, which is parts of the Netherlands)
I do not know.
To clarify; electric power producers sell their power to wholesellers through Nordpool etc. They sell it on to distributors in mwh.
Distributors sell the power on to consumers in kwh.
The cables and transmission lines are owned by other companies who charge the distributor a fee for use of their network, which is brought on to the consumers, also per kwh.