US EditionNorway faces record-high electricity prices
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16 Articles
Norway faces record-high electricity prices
Norway is experiencing an electricity price surge, with rates in southern regions soaring to unprecedented levels due to low alternative energy production in Europe plus high demand. This unwanted news comes despite Norway’s typically robust hydroelectric production and relatively mild December weather. Norwegian households and businesses in the southwest are bearing the brunt of this surge. Source
Thursday's electricity prices are sky high, and it affects small businesses in particular. "Terrible", someone describes the situation.
Friday will be another day with high electricity prices, but much lower than Thursday's shock price, which peaked at around 13 kroner per kilowatt-hour.
The stream will be very expensive in parts of the country on Thursday. In the area NO2 - South West Norway - the maximum price will be a record high NOK 13.39 per kilowatt hour (kWh) before electricity support.
More than 13 kroner per kilowatt hour is an outrageous price. Neither businesses nor households in the region can live with that. Nor should the government.
Power will be very expensive in parts of the country Thursday. In the NO2 area — South West Norway — the maximum price will be a record high of NOK 13.39 kilowatt-hour (kWh) before electricity subsidies.
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