Are you actually paying the daily spot price? Not a flat amount with the utility provider taking the hit? That’s how I know it from any other country, unless you have a specific contract where the user made an informed decision to opt for market rates.
Mainly the reason is that many countries do not have hourly capable meters, so calculating the price for each hour is not possible. Flat rate is needed when you just have the cumulative read once a month.
In Finland the meters communicate automatically once a day, and send the 24h values to grid company. The next generation meters which are now installed can communicate once a hour.
Are you actually paying the daily spot price? Not a flat amount with the utility provider taking the hit? That’s how I know it from any other country, unless you have a specific contract where the user made an informed decision to opt for market rates.
Spot is quite normal in the Nordics. Over all it’s the cheapest, but some days suck obviously.
This summer we had days with negative prices. My bill for July was 78 NOK (about $8). Might have been August when I think about it…
Mainly the reason is that many countries do not have hourly capable meters, so calculating the price for each hour is not possible. Flat rate is needed when you just have the cumulative read once a month.
In Finland the meters communicate automatically once a day, and send the 24h values to grid company. The next generation meters which are now installed can communicate once a hour.
30% of Finns are on spot.
Oh interesting, never knew that’s a thing. Sounds mostly like a good development to make people more conscious about their consumption.