Sunny and warm April was a huge surprise for many residents of Norway. There hasn't been such a warm Easter in Scandinavia for quite a few years. Unfortunately, a small amount of rainfall resulted in an increase in electricity prices in Norway. Reaching for specific data, we can observe that Average the price of electricity in April it amounted to as much as EUR 40,82/MWh.
High prices? It used to be worse!
It's expensive - that's a fact. However, comparing the current data with 2011, we notice that eight years ago it was even more expensive. It was then that the electricity price reached a considerable amount of EUR 53,84 / MWh - about 30% higher than in this year's listing.
Not only Norway - expensive throughout the European Union
Na high prices Residents of all Nordic countries and all over Europe complain about electricity. The reason for the increase in Scandinavia is closely related to the decrease in water resources in the Scandinavian area and the increased energy production outside the Nordic region. The prices of the so-called CO2 quotas, carbon dioxide emission allowances. The energy sector bases its production on fossil fuels.
