Norway rejects increased speculative trading control

While Statkraft delivered excellent quarterly results, the state-owned company lost nearly NOK 4bn on speculative electricity trading. The lack of transparency in such trading has received criticism from several energy experts, but the state is against heightened control.
Statkraft's Roan wind park in Norway. | Photo: Statkraft / Ole Martin Wold
Statkraft's Roan wind park in Norway. | Photo: Statkraft / Ole Martin Wold
BY VICTOR EMIL KRISTENSEN, TRANSLATED BY L.N. BARNES

Statkraft's most recent quarterly report ended up showing an operating result of NOK 4.6bn – proof that the catastrophic year of 2020 no longer weighs on the state-owned power company.

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