Analysts predict electricity prices of over NOK 20 in southern Norway this winter
Electricity prices keep reaching new record highs. This winter, prices could be as high as NOK 20 per kilowatt-hour, estimates the chief analyst.
The price record of NOK 10 this week could therefore be doubled during the winter, estimates chief analyst Tor Reier Lilleholt in Volue Insight above NRK. He explains that this is an extreme scenario, but adds that he no longer believes that there is a ceiling on the price of electricity.
– A month ago, NOK 5-6 were quite expensive prices, and NOK 10 was somehow unthinkable. But now they have moved this ceiling quite high, says Lilleholt.
The analysis company has calculated that electricity prices in southern Norway would have been a quarter lower if the foreign cables out of Norway had not been built.
Statnett, for its part, writes to NRK that their main conclusion from last year shows that electricity prices would have been very high even without the cables.
– We can confirm or deny the findings in Volue’s simulation, but there is reason to assume that the effect of the cables is higher now than in 2021. Right now we are probably outside most analytical models, and it is difficult to be absolutely sure of anything. , writes Statnett.