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Southern Norway electricity prices expected to rise in winter 2027
Electricity prices in Southern Norway are projected to rise significantly during the winter of 2027. According to data from the Nord Pool Euronext exchange cited by Fjordkraft, prices in the three southernmost price areas are expected to reach approximately 207 øre/kWh in January and 208 øre/kWh in February, including VAT.
This forecast represents a notable increase compared to the January and February averages of this year, which ranged between 143 and 159 øre/kWh. Analysts suggest these levels are comparable to the energy crisis experienced in the first quarter of 2022. The primary drivers for the anticipated spike include low water levels in Norwegian reservoirs and depleted gas stocks in Europe.
While households with fixed 'Norgespris' contracts may see minimal impact, analysts warn that the price surge could be dramatic for businesses operating with thin profit margins. Market projections indicate a potential decline in prices to around 160 øre/kWh by March 2027.
Entities
Fjordkraft · Nord Pool Euronext · Renate Larsen · Southern Norway · Storm Geo
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The expected prices for the first quarter of 2027 are comparable to the energy crisis levels seen in the first quarter of 2022. www.aftenposten.no · www.fvn.no · www.vg.no
- [● 3 SOURCES] Electricity prices in Southern Norway are expected to rise to approximately 207 øre/kWh in January and 208 øre/kWh in February 2027, including VAT. www.aftenposten.no · www.fvn.no · www.vg.no
- [● 3 SOURCES] Low water levels in Norwegian reservoirs and low gas stocks in Europe are contributing factors to the price increases. www.aftenposten.no · www.fvn.no · www.vg.no
- [● 3 SOURCES] Market expectations suggest prices will drop to around 160 øre/kWh in March 2027. www.aftenposten.no · www.fvn.no · www.vg.no