Due to low wind power production, the price of exchange electricity has been high this week. The taxable average price of electricity on Saturday is around 16.12 cents per kilowatt hour, which is a slight increase from Thursday when the average taxable price was 14.5 cents per kilowatt hour. However, the most expensive price of stock exchange electricity including taxes occurred on Thursday at over 24 cents per kilowatt hour.
Even though the price of exchange electricity decreased slightly on Friday to about 18 cents per kilowatt hour, it remained high due to low wind power production. On Saturday, the taxed price of electricity remains above 10 cents per kilowatt hour for most of the day, but at its peak, it costs only 7.3 cents per kilowatt hour including taxes after midnight on the night before Saturday and Sunday.
Saturday’s price is more expensive compared to the average price in November which was 7.3 cents per kilowatt hour. It is important for consumers to be aware of these changes in electricity prices and plan accordingly to avoid any financial strain during this time of low wind power production.