Electricity price in Southern Norway at its highest level so far this year

ElectricityPhoto: Heiko Junge / NTB
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On Thursday, the electricity price in Southern Norway was at its highest so far this year. 

On Thursday, the average price for electricity in Southern Norway amounted to NOK 1.23 per kilowatt-hour, excluding surcharges, grid rent, and fees, according to the electricity exchange Nord Pool.

Power analyst Tor Reier Lilleholt in Volue Insight told newspaper E24 that the price record does not come as a big surprise.

According to him, the high prices in Norway are a combination of dry weather and high prices in Europe. 

“Compared to before, the difference now is that there are very high prices already in September,” Lilleholt said.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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