Why does Norway have 5 different price levels indicated in the statistics when Sweden and Finland only have one?
The reason for the division of Norway into several price areas is based on physical limitations in the grid capacities between different parts of Norway. The actual number of price areas can vary depending on the actual load situation. After a long period of two bidding areas in Norway Statnett introduced three bidding areas for the winter 06/07. On 11 January 2010 Statnett introduced four bidding areas and on 15 March 2010 five areas. Thus the price varies in different regions of Norway whereas in Finland and Sweden the price historically always has been the same for the whole country. Please note that the change in the Norwegian bidding areas affects which geographical areas the terms NO1, NO2, NO3, NO4 and NO5 refer to. This means that a direct comparison between present and historical data for Norwegian bidding areas is not possible.
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