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Southern Norway crossed the 10NOK/kWh threshold earlier this year. It is kind of mind boggling how this can happen for a country with almost infinite supply of
by eitland 4y ago
Southern Norway crossed the 10NOK/kWh threshold earlier this year.
It is kind of mind boggling how this can happen for a country with almost infinite supply of hydro power, but here we are.
Of course, Norway being Norway, since the start of September we now get a 90% refund for everything above 0.7NOK (based on the average price of each 24 hours) so for most of us will survive.
Oh, and since most power plants are owned by the public this doesn't affect budgets as badly as it could have done.
(It is even more complicated but I don't have more time now. Someone please fill in if I got something really wrong. Also, yes, this is a wild tangent but thinking I know HN I guess it will the day a little less boring for someone : )