Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Norway Considering Electricity Rationing Next Spring

ENERGY

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.
127 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

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.