By Paul Homewood
This little note appeared on the Energy Market Prices website today:
Norway’s electricity generation surplus is expected to shrink significantly by 2026, with the south of the country running a deficit due to rapidly increasing demand, grid operator Statnett said on Friday.
Electricity demand in Norway is expected to grow to 158 terawatt-hours (TWh) by 2026, up 19 TWh from current levels, driven by demand from offshore oil and gas platforms and consumers. new onshore users, such as data centers, Statnett said in its latest market analysis report.
The largest increases are expected in the southern region of the country, where most of Norway’s energy-intensive industries are concentrated, along with new projects such as the Johan Sverdrup electrification and the surrounding offshore fields.
https://www.energymarketprice.com/home/news?id=37205
That’s surprising to be underestimated for something that has had such a big impact on the stability of the European power grid.
We know, of course, that Denmark has relied heavily on Norway to balance its grid, taking in surplus electricity when wind power is abundant and giving it back when power is short.
Germany is also increasingly dependent on Norway for similar reasons.
However, as nuclear and coal power increasingly shut down, many countries are looking to Norway to fill the void when renewables do not.
http://energodock.com/norway/Electrical-generation
Almost all of Norway’s electricity comes from hydroelectricity, and last year’s total electricity production amounted to 154 TWh. According to this latest report, demand in Norway will increase from 139 to 158 TWh in 2026.
In other words, the surplus that Norway has traditionally had will disappear.
The report mentions increased demand from industry and oil production, but as Bloomberg reported earlier this year, demand is also growing rapidly due to electric cars and heat pumps, both of which will continue. increase:
And with southern Norway running short of electricity, will the country continue to export electricity to the rest of Europe?
Do not hold your breath!
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