Price area

In practice

In practice, the price area determines the spot priceHourly electricity price set in the Nordic power market the day before delivery - basis for variable electricity prices to end users. a power supplier pays for electricity and passes on to the customer. The price difference between NO1 and NO4 can, in extreme cases, amount to 50–100 øre/kWh. For KISCustomer Information System - the core system at power suppliers and grid companies for customer management and billing. systems, the price area code (e.g. NO1) is linked to the metering pointThe fundamental unit in Elhub - the unique point in the electricity network where energy is measured and settled, identified by an 18-digit GSRN number. in ElhubNational hub for metering data and market processes in the Norwegian electricity market. and is used in all electricity price calculations. For settlementTurning metering data into money. Consumption and production per metering point become what each party owes or is owed. purposes, the price area is decisive in determining which system imbalance price (RK price) applies.

SEFTATvimenning’s VEE engine: validates, estimates and edits metering series with versioned time series and a full audit trail, before data goes to Elhub. has the price area built into the calculation and shows it in the visual designer, so the correct spot price follows the metering point through the whole chain.