The Norwegian government is considering setting a maximum price for electricity

Photo: Nikola Johnny Mirkovic / Unsplash

The government is assessing measures such as maximum price and restrictions on the export of electricity. Electricity production in Southern Norway has not been lower in ten years.

Last week, electricity production in Southern Norway was the lowest in ten years, figures from Statnett show. So far in July, the export of electricity has been reduced by 75%.

According to Statnett, the power companies have held back on hydropower, Norwegian Broadcasting (NRK) writes.

“We are happy that – it appears – they have listened and are keeping the valuable water in the reservoirs,” State Secretary Elisabeth Sæther (AP) in the Ministry of Oil and Energy stated.

New measures?

Nevertheless, a lot of electricity is sent from Norway to Europe. The government is now considering new measures. 

“Restrictions on the export of electricity to Europe may be one of the necessary measures,” Sæther added.

For now, the government has said no to a maximum price for electricity. The Red Party (Rødt) warns that they will raise the issue again. 

Sæther notes that the issue is up for consideration but that it could have unfortunate consequences.

“The duration of the electricity price crisis, combined with other rising prices, indicates that the government should take action,” Sofie Marhaug, parliamentary representative for Rødt, stated.

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

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