Norway’s looming supply deficit

Montel Weekly

Norwegian power prices have swung from record highs last year to all-time lows this year as supply in the hydropower-intensive nation shifted from deficit to surplus. While dry or wet weather generally drives prices, Norway is set for a long-term change from a power exporter to an importer as new capacity lags demand growth. Listen to a discussion about Norway’s struggle with new capacity, notably onshore wind – with only 3 of 356 local communities in approval – and why investors are looking elsewhere due to punitive and retrospective tax measures.

Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel

Guests: Lars Ove Skorpen, Director, Pareto Securities
Arvid Moss, Executive Vice President, Hydro Energy.