August 08, 2022 14:32 GMT
The Norwegian Minister of Petroleum and Energy's comments on the country’s high electricity prices:
- We are in a demanding situation with very high electricity prices. In addition, we experience uncertainty about how the power situation will develop in the future.
- So far this year, far less electricity (11.6 TWh) has been produced in southern Norway than at the same time last year - 18 per cent less. In South-West Norway, the total production of adjustable hydropower last week was the lowest we have seen so far this year.
- We cannot completely rule out a period of electricity rationing in the spring.
- It would probably be a matter of a limited area of the country, a few days or a few weeks in April/May, and would primarily have an effect on business.