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Unformatted text preview: of power prices, since hydropower represents such a large
share of the Norwegian and Nordic power supply. In Norway, consumption
is slightly higher than the power production in years with normal
precipitation and temperature conditions, and this means that Norway is
dependant on imports from abroad. In years with low inflow, the need for
power imports is even higher. Temperature and weather conditions
influence demand in the Nordic region and Europe in the short term, which
also affects power prices. Periods with cold temperatures and high demand
can especially result in higher power prices.
The power market is often divided into wholesale and retail markets.
The wholesale market includes generators, suppliers, big industrial
enterprises and other large undertakings. Electricity is traded bilaterally
between different market players and in the markets organised by the
Nordic power exchange, Nord Pool. Currently, a number of companies
trade standard bilateral contracts, but a growing proportion of contracts are
traded in Nord Pool’s markets. About 400 actors curre...
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This document was uploaded on 03/30/2014.
- Summer '14