Statnett: Demand is outpacing production – Norway’s power surplus could disappear in five years

Nore I power plantPhoto: Lise Åserud / NTB

In five years, most of Norway’s power surplus may be gone. Demand for power is growing faster than production.

If we continue with the current consumption, and if all the plans to establish new businesses that need a lot of power are realized, the power surplus we have in Norway will gradually disappear, Norwegian Broadcasting (NRK) reports.

By the end of 2026, the current power surplus of 15 Twh will be reduced to 3 TWh. Since consumption increases most in the south, Southern Norway will have a power deficit already in 2026, Statnett pointed out in an analysis that was published in December.

“We will not be able to produce offshore wind until the beginning of the 2030s. Wind power on land is politically dead in many ways, and renovation of existing hydropower plants and production of new hydropower will also create conflict,” Tore Strandskog, director of business policy at the NHO organization Nelfo, stated.

No plans for increasing production capacity

Statnett’s Executive Vice President Gunnar Løvås says there are almost no plans for new power production in the next five years. This will also affect electricity prices.

State Secretary Amund Vik (AP) in the Ministry of Petroleum and Energy says that the demand for power is increasing faster than production.

“More efficient use of energy is important, but unfortunately, the scale is too small for it alone to cope with the amounts of energy that will be needed.”

“We need more power from wind power on land and at sea, hydropower, and energy efficiency,” Vik noted.

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

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