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    Norway: Electricity prices expected to become even higher in 2023

    June 3, 2022 - M-Brain Nordic News


      Norwegian energy analyst Tor Reier Lilleholt at Volue expects electricity prices in southern Norway will to rise to more than NOK 2 (EUR 0.20 USD 0.21) per kWh in the first quarter of 2023. In comparison, the average electricity price in the same period of 2022 was NOK 1.5 per kWh. He thus thinks the price will be higher than the current market pricing for Q1 2023 of NOK 1.8 per kWh. Even though much can happen in the next six months, it is not likely that hydropower reservoirs will be back to normal, and the situation in Europe with high gas prices remains, Lilleholt says.


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