Electricity price volatility is not just a theoretical concern – it’s a pressing reality for businesses in the Nordics. The Nord Pool market is experiencing extreme fluctuations, with prices varying dramatically across different regions. As an example, prices for delivery within July ranged from €1.99 in NO4 to £87.50 in the UK, highlighting the significant regional disparities.
For fleet operators, this presents both challenges and opportunities. Optimising charging strategies for heavy-duty vehicles in such a volatile market can lead to significant cost savings. By leveraging intelligent charging solutions like Tenix, fleet operators can:
- Avoid Peak Prices: Schedule charging during off-peak hours to take advantage of lower electricity prices. Current prices in regions like SE2 at €7.84 demonstrate the potential for savings.
- Maximise Renewable Energy Use: Align charging with periods of increased availability of renewable energy sources to reduce reliance on fossil fuels.
- Enhance Fleet Efficiency: Ensure vehicles are charged and ready to meet operational demands without incurring unnecessary costs.
In a single day of extreme price volatility, an optimised charging system could reduce electricity costs by as much as 30-50%. For example, the differences in pricing across regions reveal that an operator could save substantially by strategically timing their charging.
At Tenix, we’re dedicated to helping fleet operators navigate the complexities of electrification with ease. Our charging solutions utilise advanced algorithms and real-time market data to keep you one step ahead of price fluctuations.
Let’s transform electricity price volatility from a challenge into an opportunity for innovation and savings.
