The cost of stock electricity has been on the rise this week due to a decrease in wind power production. On Saturday, the taxable average price of electricity stands at 11.3 cents per kilowatt hour, a slight drop from Thursday when it was 16.3 cents per kilowatt hour. At its peak, electricity cost more than 24 cents per kilowatt hour on Thursday. Despite this, the average price of stock exchange electricity including taxes is still around 14.5 cents per kilowatt hour on Friday, rising to over 18 cents later in the day.
The price of exchange electricity has increased due to low wind power production. While the taxed price of electricity remains above 10 cents per kilowatt hour for most of Saturday, it reaches its highest point at around 6:00 p.m., when it costs about 16.12 cents per kilowatt hour including taxes. However, the lowest price of electricity is at midnight on Saturday and Sunday when it costs around 7.3 cents per kilowatt hour including taxes.
Compared to the average price in November, which was just over 7 cents per kilowatt hour, Saturday’s price is relatively expensive for consumers looking to save on their energy bills during this time of year.