Norway regulator: Reducing power export permitted – but not to cut price
The country’s water and power authority also warns about the possibility that neighboring countries could take countermeasures.
BY LINDA SANDVIK & ANDERS LIE BRENNA, TRANSLATED BY DANIEL FRANK CHRISTENSEN
As a country normally sourcing 90% of its electricity from hydroelectric plants, Norway is now full of rate payers worried about depleted water levels behind dams this winter, prompting the Ministry of Petroleum and Energy to order state energy regulator RME, a department of the Water Resources and Energy Directorate (NVE), to assess options for possibly taking extraordinary measures.
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Norway plans to control hydro to safeguard power supply
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