NVE Warns of Significantly Higher Electricity Prices Due to Data Centers

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Norway will experience significantly higher prices towards 2035 if power consumption increases sharply without new power production being developed.

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If the growth in data centers continues, Norway could experience power deficits and more expensive electricity, warns NVE.

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Norway will experience significantly higher prices towards 2035 if power consumption increases sharply without new power production being developed.

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Norway will experience significantly higher prices towards 2035 if power consumption increases sharply without new power production being developed.

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The rapid growth in data centers could lead to a power deficit in Norway by 2035. At the same time, electricity prices could be up to 55 percent higher than previously estimated, warns NVE.

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Power shortages and higher electricity prices than in neighboring countries could become the new normal, warns NVE CEO Kjetil Lund. He calls for management of the data center queue.