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Re:Day ahead electricity prices for EU by Hanschri on Wednesday August 31, 2022 @11:38AM (#32663616)
Hey, apologies for not seeing your reply before now.

I agree the selling of power to ourselves via Sweden seems weird, but I suppose it's better to do just that instead of having to drain the dam without producing electricity at all, and it's a solution which works at this moment instead of waiting for an interconnect to be built. I would hazard a guess that it does slightly reduce the cost of power in other regions whenever we do sell to Sweden from NO4, but I have no data. I haven't really heard much about this exact issue being discussed though, so I don't have much information regarding that. But the issue with prices jumping to European levels would be relevant here too.

There is a lot of heavy industry in the north, such as petroleum, mining, refining and others. Norway does have a large aluminium industry which does rely more or less exclusively on hydro power, and seems to be in the top ten of aluminium producing countries, just above Iceland.

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