Category: Business News
(Bloomberg) — The Norwegian government is facing increasing calls to curb electricity exports to the continent as power prices jump at home. The uncertainty over coal and gas supplies from Russia has sent power prices soaring across Europe, which is making the cheap Norwegian hydro electricity even more attractive. Exports outside the Nordic market are up almost 50% from a year ago just as more households and factories than ever are struggling to pay their bills.
The government has been called on to take measures — both by the public on social media and in the parliament. Among others, former energy minister Sylvi Listhaug of the populist Progress Party this week proposed to limit foreign sales.