Technicality played pivotal role for Norwegian IPPs during power price collapse

Record-low electricity rates during the summer resulted in large sums paid to the Norwegian generators that hedged their prices.
Norwegian hydropower is normally highly lucrative in summer periods, but 2020 has been expensive companies with limited price hedging. | Photo: PR / Statkraft
Norwegian hydropower is normally highly lucrative in summer periods, but 2020 has been expensive companies with limited price hedging. | Photo: PR / Statkraft

Usually accounting posts for revenue, operating earnings as well as gross and net profit are the central items when companies present their results on the glossy paper of financial statements.

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