Week 16 2026 Norway: Lower Wind, Higher Power Prices

Thu, 23 Apr 2026 07:42:56 +0000
Energy

Average power prices in Norway increased in week 16 despite milder weather and lower consumption, driven by reduced wind power production across the Nordic region and continental Europe. Mid-Norway (NO3) recorded the highest prices, frequently exceeding southern Norway and continental levels, with bottlenecks in the grid compounded by limited short-term production capacity. Norwegian hydropower production increased, with Southwest Norway (NO2) contributing the largest uplift, resulting in Norway becoming a net exporter for the first time after five consecutive weeks of net import.