October 19, 2021

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Electricity prices are rising - this is the advice of experts

Electricity prices are rising – this is the advice of experts

Many people have already noticed the increase in electricity prices and it will be even more expensive in the fall. Since it is time to raise the heaters, there are unusually high electricity prices.

The store brand’s savings and consumer economist, Sicily Twentenstrand, believes many should expect consumption to slow down in order to avoid going red in the coming months.

– If you get used to the wallet at the end of each salary, you should reduce consumption to pay your bills, Tvetenstrand says.

– Sadness

Weak finances are a concern for many. According to a survey by the store brand, more than half of all Norwegians are concerned that rising electricity prices will affect the family finances.

One in two Norwegians has already taken action to obtain or receive housing funding.

– A little sad. Twedenstrand says that after a year and a half of consumption reduction because we are isolated, there will probably be many who expect to spend more money and live a little longer.

She points to several expensive habits, such as better food, more takeaways and more subscription services, as costs that need to be reconsidered.

Consumer Economist Tips

  • Reduce heat. Get used to being cool at home.
  • Take a short shower.
  • Turn off the lights in rooms where you are not and turn down the heat.
  • Fill the washing machine and dishwasher – do not run half full machines.
  • You may not notice the fixed costs, interest costs and expenses on the loans. Cut where you can.
  • Set a priority list. What is important to you? What gives you value and happiness, what can you do without it?
  • Think about when you use electricity. Electricity is cheap when not everyone uses electricity in general. For example, wash clothes at night rather than in the afternoon.
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Raising prices

According to Tvetenstrand, the reason for the fluctuation in electricity prices is complex. Among other things, electricity prices in Europe are affected by weather and electricity prices.

– It is dry weather, so we have low water reserve. In addition, it has become the most expensive gas and the most affordable electricity in other parts of Europe, he says.

However, it goes both ways, says the consumer economist.

– In winter and spring, we have a lot of snow and rain, which fills the water reservoirs and provides profit and cheap electricity, she says, continues:

– But in summer we often have dry weather. So if we did not import and export electricity, we would have huge fluctuations in prices. We now buy electricity in times when we have shortages and export when profits are available.

– Prices can be significantly higher

Norway’s director of energy, Toini Lowset, signals a price deficit, but says there are no signs of a supply crisis.

– Everyone should get electricity. When it explodes, we can benefit from the fact that there is a lot of wind power in Northern Europe, says Loveset.

Warning: Norwegian Energy Director Toini Lovshet says prices could be too high. Photo: Caroline Roga / Energy Norway

He pointed out that prices are expected to fall significantly from today, but there is bad news if it does not rain soon.

– If it continues with a little rain, if we get a cold winter, when gas, coal and CO2 prices are high, prices will be significantly higher.

– Do not waste

Loveset says investing in renewable energy can lower prices in the long run. He says the price peak we see now is expected to be short-lived and long-term prices lower than we normally would expect.

Meanwhile, he advises people to think about smart energy consumption at home to reduce costs.

– Slightly lower the temperature, do not waste hot water, buy firewood for the winter and consider the heat pump. For those in need of predictable electricity costs, the director says, fixed price contracts with the electricity supplier can provide security.

Stimulates stress

Psychologist Rolf Marvin P. Lindgren says unforeseen costs and financial challenges can be stressful for unplanned people.

Financial Status: Unexpected expenses can lead to depression, says psychologist Rolf Marvin P. Lindgren.

Financial Status: Unexpected expenses can lead to depression, says psychologist Rolf Marvin P. Lindgren. Photo: Grendel

– Then it often rolls. Those with unpredictable finances are often not so good at planning, and some of them can easily become depressed, Lindgren says.

He believes that especially those who do not have financial means can feel it in the body, and explains that stress is often manifested as a physical, physical reaction.

– Poor concentration and memory, low irritability threshold, thoughts, poor night’s sleep and digestive problems, stiff neck and hard shoulders. This is how ordinary people can react to stress, says Lindgren.

– Sour apple bite

He points out that people who struggle with previous things can feel more about poor night sleep and more irrational behavior.

– This is a problem because without noticing yourself, you can hear from others that you have become very aggressive. Then you can be provoked by the accusations and deal with it badly, he says.

Psychologist advises to try to catch those who feel stressed by increased financial challenges and seek help from others.

– Bite the sour apple and try to get rid of the fear of taking it. If you know someone who is nice and quiet, try talking to someone. Talk to that person about what you want to do, Lindgren advises.