This is how the high electricity prices are managed with new technology

Today, the ongoing discussion around energy use in buildings is highly topical. So let’s discuss load shifting as part of the solution. We have to work daily to develop solutions to today’s challenges in the real estate industry. Our latest solutions use e.g. load shifting to help our customers work to save energy, reduce CO2 and avoid putting more pressure on the electricity grid than necessary.

The large fluctuations in the electricity price this year are the result of, among other things; that access to energy is affected by the war in Ukraine, electrification is increasing, we have a high proportion of intermittent energy generation and that the need for electricity is concentrated over a few hours. The transition to renewable energy is also too slow to meet the need.

In the Nordics, there has long been no incentive to control a building’s consumption due to the fact that the price difference during today’s hours has not been large, see the graph for 2020 and 2021 respectively. Technology has long been a factor that limited this development. Today’s electricity crisis is the result of i.a. reduced availability of electricity due to the war in Ukraine, the increased electrification that increases our needs and that the transition to renewable energy is going too slowly.

As the price differentials for electricity have increased (as illustrated in the graph), the development of the necessary technology has accelerated. The potential of buildings to save energy over the hours of the day will be of great importance for the exchange on the energy market.

Electricy Prices Graph

How does this affect the transition to electric cars? It will still be cheaper to own, drive and charge electric cars than to own and drive a fossil fuel car. This energy crisis is just something we have to ride through and continue as planned.

Creating more sustainable private and professional transport and reducing the environmental burden is something that we must work actively with. This also applies, and not least, to all heavy vehicles, despite the considerable cost increase it entails. A haulage company that, for example, drives garbage trucks and converts to electric operation can make large savings corresponding to approximately 85 percent lower emissions compared to using regular fossil diesel.