Since this summer, the filling level has been unusually low in many reservoirs in southern and eastern Norway, but now the Norwegian Water Resources and Energy Directorate states that it has increased by 1.7 percentage points. The filling rate is still 18 percentage points below the median, according to NVE.
– High wind power production in the Nordic region and on the continent contributed to the weekly price of power falling in all price areas from week 38 to week 39, NVE writes.
However, the joy for electricity customers will not last. Power analyst Marius Holm Rennesund in Thema Consulting Group does not think there is enough rain for electricity prices to fall particularly much.
– The prices got a real dip
– It is positive for the price going forward that the reservoir filling increases again, but we probably need more precipitation before we get the big effects, Rennesund says to NRK.
In addition, much of the rain has come in the lowlands, while many of the reservoirs are located in the highlands and are therefore minimally affected. Several electricity companies have stated that the precipitation does not help the electricity price, among them Gudbrandsdal Energi.
– We see that prices got a real dip due to the storm, but now they are back at almost the same level as before, says the company’s head of operations and development Thomas Mathisen.
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