– It looks like we will escape the higher prices we imagined two or three months ago – that we will get better prices and that it will last through the rest of the winter if we are not unlucky and go on a cold spell, says senior analyst Olav Botnen in Volue Insight to NRK.
Recently it has been a real autumn weather in southern Norway, with a lot of rain. The weather was also very mild at times. This helped to increase the filling degree of the water tanks. On Wednesday, new data from NVE shows how much the occupancy rate has increased over the past week.
Botnen refers to earlier analyzes that electricity prices would rise to three crowns per kilowatt hour (kWh) after the new year. But at the moment it is not possible to climb that high, Botnen believes.
– It appears to be significantly lower as the degree of filling affects the market and production plans for energy producers come into effect, he says.
The first week of November offered several heat records, he writes NRK. The highest temperature ever recorded in November was measured at Takle in Vestland (16.3 degrees) and at the Lista lighthouse in Agder (13.7 degrees). In Mo i Rana, the temperature is usually zero degrees on average at this time. This week, however, it was 6.5 degrees.
