Yearly area price 2017 (€/MWh)

Sources: Nord Pool - https://www.nordpoolgroup.com/Market-data1/Dayahead/Area-Prices/ALL1/Yearly/?view=table, Geostore Mercati Energetici: http://www.mercatoelettrico.org/En/Statistiche/ME/BorseEuropee.aspx
 

Large cost savings

8,760 operating hours
100 MW capacity
5 EUR/MWh price difference

=

~EUR 4,38m in yearly cost savings

Future power price estimates

Three independent power price analytics* estimate lowest power price in the Nordics for the Narvik region / NO4. The power price estimate range from 1.5 – 3.0 EUR/MWh below the estimated system price. One of the reasons is that the northern part of the Nordics will not be directly connected to the higher price areas of continental Europe.
* Based on three independent analytics (2H 2018): SKM, Wattsight and StormGeo Nena

Average difference between area prices and system price for 2019-2038
[EUR/MWh – real 2018 numbers]
Source: Based on three independent analytics (2H 2018): SKM, Wattsight and StormGeo Nena