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Spot price contract

Can your business handle market fluctuations? This popular contract follows Nord Pool's market price, hour by hour.

Spot price, in brief
  • Spot price is influenced by supply and demand, weather, price area.
  • Energy costs are affected by when the company uses electricity and the spot price for the actual hour in which the electricity is used, multiplied by the amount of electricity used.
Suitable for what businesses?
  • Spot price contracts have historically been shown to be economically beneficial, but this must be weighed against the value of predictability for all or part of the power volume.
  • Suitable for companies that can tolerate market fluctuations.
  • Our contract are always delivered with Noova Energy.
Spot price combined with Noova Energy
  • Insight and opportunity to cut or move consumption to more price-favorable and/or logical times.
  • A dedicated advisor who assists with everything from sustainability reporting and consumption optimization to regular energy consumption.

What do our customers say?

Gert GillFactory no. 7 Property

With Noova as a dedicated and proactive energy partner, we have gained insight into how we use energy, how we can best utilize our premises and what is most important to monitor - for optimized and sustainable energy use today and in the future.

Robert LiddardSmedvig

We want to have the least possible downtime when technical problems occur. With advanced sensors from Noova, we can react faster - and prevent any consequences for our tenants. In addition, we are notified if the system detects abnormal consumption.

noova_kontor (43 of 44) (1)

We reduced our energy consumption by 19 percent in 2022. It was quite simple when we knew what to do, but we couldn't have done it without the insights from Noova.

Geir MolbergCFO in IK Norway

Want to know more?

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