Norway is to curb electricity exports to Europe if water levels for its hydropower plants remain low in a blow to hopes that the Nordic country could help ease its neighbours’ energy concerns ahead of a difficult winter.
Under political pressure from high local electricity prices despite abundant hydropower resources, Norway’s centre-left government decided on Monday to prioritise refilling its reservoirs when their water levels are below seasonal averages.
Norway is one of the biggest electricity exporters in Europe, often selling via cables to the UK, Germany, Netherlands and Denmark. This latest move foreshadows a tough winter for the continent as it grapples with the implications for energy supplies of Russia’s invasion of Ukraine.
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