Norway Spot Prices 30.01.2025: NO3 stuck in the middle?

Today’s Norwegian spot prices place NO3 between the higher-priced southern areas (NO1, NO2, and NO5) and the very low-priced NO4 in the north.

This trend aligns with our estimates and is expected to continue through February and March. NO3 is likely to experience the most price fluctuations over the next two months.

Above-normal wind levels will push prices closer to NO4 levels, while below-normal wind levels will lift prices toward those of southern Norway. During the spring and summer months we assume NO3 to couple more towards NO4 due to reduced consumption.

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