Why does Norway import electricity at night?

In thermal power systems, it is costly to regulate production, and there is wider variation in electricity prices during the course of a day. These differences mean that Norway can import electricity from abroad at night, when the price is lower, and export it during the day, when consumption and prices are higher.

Does Norway pay for electricity over a lower price?

Norwegian consumers are somewhat insulated from the high prices as the government pays for 90 per cent of electricity over a certain price. But Progress wants the government to pay for all the power above a lower price, arguing that the state makes billions of kroner from the high electricity prices through its hydropower generation.

Does Norway have hydropower?

Hydropower accounts for most of the Norwegian power supply, and the resource base for production depends on the precipitation in a given year. This is a significant difference compared to the rest of Europe where security of supply is mainly secured through thermal power plants, with fuels available in the energy markets.

Should Norway reduce power connections to Europe?

Reducing power connections to Europe will not be well received,” one EU ambassador in Oslo said. EU countries believe it is important to have an integrated electricity market and underscore that Norway also imports power using the interconnectors when it needs to.

How does Norway generate electricity?

Despite being one of the world’s largest oil producers, fossil fuels play a very small role in the country’s electricity generation, with a share of less than two percent. In turn, an abundant and reliable power supply has turned Norway into one of the largest per capita electricity consumers worldwide.

What is Norway's power mix?

The Norwegian power mix is dominated by renewable sources, namely hydropower (and to a lesser extent, wind). Despite being one of the world’s largest oil producers, fossil fuels play a very small role in the country’s electricity generation, with a share of less than two percent.