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Wet summer grants big cities in hydro-powered Norway 2 days of free electricity

4Sep

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Wet summer grants big cities in hydro-powered Norway 2 days of free electricity

Oslo — Electricity was free in Norway's two biggest cities on Monday, market data showed, the silver lining of a wet summer. With power almost exclusively produced from hydro in Norway, the more it rains or snows, the more the reservoirs fill up and the lower the electricity price. A particularly violent summer storm dubbed "Hans" that swept across Scandinavia in August, in addition to frequent rainfall this summer, have filled reservoirs in parts of Norway. Water flows over a dam at the Braskereidfoss Power plant in Norway, August 9, 2023. CORNELIUS POPPE/NTB/AFP/Getty As a result, the spot price of electricity before taxes and grid fees was expected to hover between 0 and ...

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