- Southern Norway's NO2 price area held 15.6 terawatt-hours of stored hydro energy, below the previous seasonal low of 15.7 terawatt-hours set in 1996.
- The reservoir shortfall raises European power-price risk and increases reliance on natural gas during the winter.
Quotes
“Reservoirs that supply southern Norway with electricity fell to a record low for this time of year, raising the risk of higher power prices and greater reliance on natural gas across Europe this winter.”