Higher prices and lower exports have so far not saved the situation.
Throughout last week, southern Norway had very high electricity prices. This happened at the same time as the countries around us could benefit from lower prices due to weather changes and more renewable power production.
Much of the reason is that the water reservoirs have been at a historically low level that Statnett has increased the danger level to a yellow level for the electricity situation. Thus, hydropower producers have held back production, and to a greater extent relied on imports of electricity.
Also read: NVE was taken to bed by the energy crisis – but now the situation is improving
– Reasonable power production in our neighboring countries contributed to Norway importing more of all its trade connections last week. In week 42, Norwegian net exports were 150 GWh, this is the lowest level for a week since the beginning of May, NVE reports.
Much of the reason why Norway continues to export power in a situation with little water, is the new foreign cable to England: It accounted for as much as 108 GW of net exports last week.
The magazines fill up very slowly
New figures from NVE now show that the high electricity prices in southern Norway last week have not had a very large effect on the basic problem: The amount of water in Norwegian reservoirs increased last week by 0.8 per cent, from 67.5 to 68.3 per cent. . This is a smaller increase than in previous weeks.
Although this is an increase, it is still well below the normal level of around 82 percent.
There was in part a big difference between the parts of the country. In northern Norway and in eastern Norway, there was a reduction in the amount of water, while central Norway increased by as much as 2.8 percentage points. With that, Central Norway made a solid leap up to the normal level
In Western Norway, on the other hand, the situation is still far below the lowest ever measured.
So much wind power varies
Much of the reason for the fluctuations in power prices is related to how much electricity is produced by wind turbines.
The graph below shows how total wind power production in Europe has fluctuated over the past two weeks. Large amounts of German wind power were leaked into the grid on Wednesday, Thursday last week, which pushed down prices.
At the same time, it is seen that it varies greatly how much wind can contribute: At the lowest, wind could contribute around 14,000 MWh in one hour, while at the peaks it was over 65,000 MWh.
The more wind power that is developed, the more important these fluctuations become.
Also read: New power cable to England accounts for 40 percent of power exports – capacity will soon be doubled
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