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 : )

(although in this case I’m not blaming my government too much, beyond failing to anticipate Germany’s need for our excess energy, and for not setting a country-wide pricing model for electricity. With Putin’s current stupidity, a lot of the previous energy planning goes out of the window, and all we can do is hold on for the ride.)