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What is the difference between electricity for businesses and private customers?

Power to businesses has other types of agreements and often higher consumption than residential customers. At Noova, businesses can choose between spot price, fixed price or hedging, tailored to their needs. The agreements also include access to detailed consumption analyses that are actively used for cost reduction.

What is spot price and should we choose it?

Spot pricing means you pay the market price hour by hour, plus an agreed mark-up. You guys pay the actual power price with no risk premiums. Historically, spot pricing has been cheapest over time and is suitable for businesses that can withstand variation in their electricity bill.

When should we choose a fixed price for electricity?

Fixed price provides full predictability. You pay the same price per kWh throughout the contract period, regardless of the market. This suits businesses with tight budgets or low risk tolerance.

What is hedging?

Hedging, or power management, involves Noova's experts following the market and buying power when prices are favourable. This often yields better rates than pure spot price and suits businesses with annual consumption over 500,000 kWh.

How long should we choose a binding period?

Fixed-price contracts typically have a 1—5 year binding period. Longer binding often offers lower cost, but less flexibility. The choice should be based on need for predictability versus freedom of action.

Which electricity deal is right for our company?

Small businesses below 100,000 kWh often opt for spot pricing. Medium-sized businesses can benefit from customized solutions. Large businesses over 500,000 kWh should always consider the deal together with an energy advisor.

What does a power deal at Noova include?

The deal includes the power delivery. Online rent and fees come in addition. All agreements provide access to digital consumption tracking, and larger customers get energy advice and analytics included.

How much does electricity cost at Noova?

The electricity price is made up of the power price, grid rent and fees. Noova offers competitive mark-ups on spot price, usually 4—8 öres/kWh, depending on consumption and agreement. Total cost also depends on the price range.

Can we save money by switching electricity provider?

Yep. Many businesses overpay because of old or bad deals. Noova typically reduces annual electricity costs by 15-30% through deal optimization and consumption analysis.

How can Noova help us reduce electricity costs?

Noova analyzes consumption and identifies measures such as the correct type of agreement, reduced power take-off, shifting consumption to cheaper hours and energy saving measures. Savings are documented and followed up.

What is the difference between power surcharge and total price?

The mark-up is the supplier's margin on top of the spot price. The total price includes spot price, mark-up, online rent and fees. The mark-up is the correct basis of comparison between suppliers.

What is online rent and why does it vary?

Grid rent is the cost of transporting electricity and is paid to the grid company. It varies by location and consumption pattern. For many businesses, this is the biggest cost, and there is significant savings potential here.

What is power tariff and how can Noova help us?

Power tariff means that you pay for the highest simultaneous electricity usage in the month. Noova uses Energy Control to reduce power peaks, which typically results in 20-40% lower grid rent.

Can we measure and monitor electricity consumption?

Yep. Noova offers digital tools based on hourly data from the electricity meters. You get real-time insights, historical comparisons and alerts about high consumption or high prices.

How do we switch electricity providers?

Switching to Noova normally takes 2—3 weeks. All you need is a meter number. Noova handles termination and transition. The power will not be disconnected.

How do we get started with Noova?

Noova needs meter number and last invoice. Then an analysis is carried out and you receive specific recommendations and offers. The entire process is handled by Noova.

Can we have joint power agreement for multiple locations?

Yep. Multiple locations can be bundled into one deal, with volume discounts, shared inventory, tenant billing, and simplified management via app.

How does invoicing work at Noova?

You usually receive one monthly invoice that includes both power and grid rent, based on actual measured consumption. Customer service in Stavanger handles all invoicing issues.

What happens if we don't pay our electricity bill?

In case of non-payment, purring and interest are incurred. In the event of a prolonged default, the agreement can be terminated and the power disconnected. Early dialogue prevents this.

Can we get green electricity at Noova?

Yep. Noova offers guarantees of origin documenting renewable power from water, wind or solar. The cost is low, and the effect can be used in sustainability reporting.

What is power subsidies for businesses?

Electricity subsidies are government compensation at high prices. The schemes change politically and are normally deducted directly on the invoice. Noova keeps customers updated on an ongoing basis.

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How does Noova's energy advisory work?

For companies with high consumption, Noova analyzes consumption patterns, identifies concrete measures and assists in implementation. The advisory covers both appointment, operation and technical measures.

Choose a profitable electricity contract

Choose a profitable electricity contract

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Meet our advisors

Christian Fløistad

Simen Brurberg

Maria Davis

Ashenafi Abdissa

André Løvlund

Christian Fløistad

Maria Davis

Øyvind Fritzen

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