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HomeSouthern Norway power price hits record amid Europe-wide surge
Feb 23,2022
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Southern Norway power price hits record amid Europe-wide surge
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OSLO, Dec 20 (Reuters) - Wholesale power prices for Monday delivery in southern Norway rose to their highest level in an auction on Sunday, as it connected with even more elevated prices in continental Europe and Britain.
Prices for the bidding zones surrounding Norway's capital Oslo, the southern coastal hub Kristiansand and Bergen on the west coast settled at 305.50 euros ($343.69) per megawatt hour (MWh) for Monday, data from exchange Nord Pool showed.
On an hourly basis, prices soared as high as 451.07 euros per MWh for the sixty minutes from 1700 GMT.
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