Latest news from Volt Power Analytics

⚡ Denmark’s Power Consumption Set to Double by 2035: What’s Driving the Surge?
Our long-term price forecast points to a doubling of Danish power consumption, from 40 to 80 TWh annually, between 2025

How Are Heat Waves Affecting European Electricity Markets?
Europe has just experienced a heat wave. Portugal hit 40.3°C on May 27, France recorded its hottest May day ever,

Italy’s Hydro Reservoirs Show a Growing North-South Divide
We’ve just added Italy to our hydro reservoir map – all seven bidding zones, tracked weekly as a percentage of

Dry in the South, Full in the North: What Does This Mean for Nordic Power Prices in 2026?
Southern Norway is running dry compared to normal, with NO2 and NO5 at just 63% of normal reservoir levels and

Why Norway’s Hydro Surplus Can’t Solve Southern Norway’s Power Deficit
Norway has water in the north and a drought in the south — and the grid can’t bridge the gap.

⚡ Meet Olav Johan Botnen, Power Market Expert at Volt Power Analytics
If you’ve worked in Nordic power markets, you’ve likely come across Olav Johan Botnen’s name. Now a Power Market Expert

What Europe’s Hydro Reservoirs Are Telling Us This Week
At Volt Power Analytics, we’ve been building Energy Maps to make it easier to get a clear overview of European

How Solar PV Is Reshaping Germany’s Fossil Fleet in Summer
Solar PV is fundamentally reshaping how Germany’s fossil fleet operates during the summer months.

Why Isn’t Bergen (NO5) Benefiting from Midday Price Drops Like Neighboring Southern Price Areas?
While Southern Norway is seeing prices fall midday thanks to strong solar production on the continent and the start of

How Weather-Dependent Is the Norwegian Power System?
Norway sits at the top of Europe with approximately 99% renewable generation according to historical data from Ember. But unlike

Germany’s Wind Fleet Keeps Growing, but Output per Turbine Keeps Falling
In four of the last seven years, German wind production has fallen short of what installed capacity would historically have

⚡Meet Kitty Theobald Gjerland, Administrative Assistant at Volt Power Analytics
Investing in young talent has always been a core part of how we build Volt. How we work is changing,

Welcome to Volt Power Analytics, Silje Eriksen Holmen!
Today we’re welcoming Silje Eriksen Holmen to Volt Power Analytics as our new Head of Fundamentals and Hydrology.

Nordic Hydro 2026: NO2 Hits a 26-Year Low
Four out of five Norwegian price areas are running below last year’s hydrological balance at this point in the season

💡 UKA Prices Have Nearly Halved Since January. Is Energy Cost Relief Finally Here for Industry?
Since mid-January, European carbon markets have seen a significant correction.

🍾 Meet Håvard Tørå Olsen, UX and Design Lead at Volt Power Analytics
It’s been a great month for the team. After welcoming Simón, we’re also very happy to introduce Håvard Tørå Olsen,

Welcome to Volt Power Analytics, Simón Norambuena!
We’re thrilled to welcome Simón Norambuena to Volt Power Analytics as our Director of Continental Europe Power Markets.

Will Hydropower Reservoirs in Southern Norway (NO2) Reach Record-Low Levels Before Spring Inflow Begins?
Following the cold snap in early 2026, the hydrological deficit in NO2 has widened to around -13 TWh according to

Could NO2 Be Heading for One of Its First Net Import Quarters?
NO2 could be heading for one of its first quarters with net imports as the hydrological balance sits 10.5 TWh

⚡ Meet Tom A. Donnelly, Volt’s Head of Marketing and Sales Operations
What got you started with energy?
Growing up, I had three coal power stations on the horizon—Drax, Eggborough, and

⚡ Let’s meet the whole Volt Power Analytics team. First up: Eivind Samseth
What got you started with Energy?
I got started with Energy through my study program at Norges teknisk-naturvitenskapelige universitet

Katinka Bogaard Named Årets Kraftkvinne 2025
This year’s winner of Årets Kraftkvinne has been announced as Volt Power Analytics’ founder and Managing Director, Katinka Bogaard.

Volt Power Analytics’ Katinka Bogaard Named Finalist for Årets Kraftkvinne 2025
We are thrilled to announce that our Managing Director and Head of Analysis, Katinka Bogaard, has been named a finalist

How Will Norwegian Power Prices Develop Towards 2035?
Volt has previously explored the buildout of data centres in the Nordics—but how will prices develop up until 2035? Our

Low Wind Conditions and Growing UK Capacity Influence Nordic Power Prices
A high-pressure system over the Nordics is causing very low wind power output tomorrow, Tuesday. Spot prices in most areas

NO4 Split: What might it mean for prices, and how likely is it to materialise?
Earlier this quarter, we carried out an in depth assessment of how a potential division of NO4 into two bidding

The Nordic power market is changing and it is important for industrial players to have insight into how the energy landscape is developing.
This week, Katinka Bogaard had the pleasure to present at Eyde-dagen after Ingvill Heskestad Mykland at Å Energi where we

This morning, Katinka Bogaard was announced as being nominated for Arets Kraftkvinne 2025.
We are extremely proud to see our own Katinka recognized alongside other leading figures in the energy market.

Is there room for more data centres in Norway towards 2035?
On 20. nov. 2025, our Managing Director, Katinka Bogaard, travelled to Trondheim to present at Nordenfjeldske’s Førjulskonferanse. Volt’s presentation, Future

Cold weather in the north of Sweden this week sees river icing effecting hydropower.
As temperatures drop, river-based hydropower output in SE1 and SE2 is being curtailed to prepare stable ice conditions for the

With the Nordic market heading into winter and price drivers shifting quickly, the Nordenfjeldske Energi Førjulskonferanse arrives to address key issues and discuss what lies ahead.
On Thursday 20th November Volt Power Analytics‘s Founder, Katinka Bogaard, will speak in Trondheim from 14:55 to 15:15, covering the

At present NO2 is the lowest priced Norwegian area, with German spot prices placing downward pressure compared to the other Norwegian zones.
We have to look far back in the historical record to find a previous occasion when NO2 was the lowest

Rystad Energy had the pleasure of hosting the New Energy Women event
Rystad Energy had the pleasure of hosting the New Energy Women event, bringing together women from across the energy sector

Full reservoirs- yet rising prices?
As winter approaches, NO3 (Trondheim region) enters its high-price season with reservoirs still 89,6% full. Despite the new power line

One Database. Every Market Signal. AI-Driven Power Market Database- all the data you need, behind one API.
Tracking power prices, demand, fuel costs and generation data across Europe shouldn´t require ten logins and twenty CSVs. The Volt

Norwegian Long-Term Outlook: the north-south price gap is closing
Northern zones NO3 and NO4 are much cheaper than southern zones NO1, NO2, and NO5 today. But the long-term outlook

Storm Amy floods the European power market with renewables
Strong winds and surging run-of-river hydro generation pushed spot prices across a large part of Europe downwards, with Norway’s NO1,

Today at 15:00, the new NO3-NO5 420 kV power line goes live
We are moving out of a historic low-price period in NO3 with Q3-25 delivered at just 10.6 øre/kWh into a

Balancing Volaility – Gas vs batteries
There is a lot of talk how renewables is reshaping the power sector, and one key impact is how the

Norway’s Reservoir Divide: North vs. South
Southern Norway (NO1, NO2, NO5): Steep increase in reservoir levels in Southern Norway on high precipitation levels the last weeks.

From Power Market Modelling to Strategy: How Volt Analytics provides insight through tailormade analysis and consultancies
Whether advising on hydropower upgrades, offshore wind investments, or price volatility in Southern Norway, Volt Power Analytics empowers consultancies with:

Fall is approaching fast, and the Norwegian power market is split in two:
In Southern Norway (NO2), a dry summer has left reservoirs stuck at 50–60%. Producers are conserving water, expecting prices of

Hourly Price Forward Curves Explained: Volt Power Analytics’ guide to the curves that traders use to get ahead
The Hourly Price Forward Curve (HPFC) is a key tool in power market modeling. It lets you bridge the gap

[Free Webinar] Balancing Volatility: Batteries vs. Gas – Who Tames the Price Swings?
Gas still sets the pace: with prices steady but sensitive, it continues to drive European power costs. What are the

Arendalsuka 2025: Are Electricity prices in Norway really high?
How does our power system work- and what alternatives are there to current regulation? Join us for look at the

Volatile gas prices drives further volatility in the European forward market for power
Gas prices for the front of the forward curve fell by more than 5 EUR/MWh upon closing yesterday, triggered by

Summer Sun Powers Up Battery Storage Activity Across Europe
The pace of deployment of batteries in Germany and across Europe is ramping up, but will the level of deployment

Southern Norway Faces a Power Price Surge – Are We Heading Towards a Summer Supply Squeeze?
Spot prices in Southern Norway are rising, with NO2 now leading as the most expensive price zone in the Nordics.

Record low solar PV capture rates foreseen for May
2024 saw record low solar PV capture rates in Germany. Build-out has continued with 17 GW added year-on-year in the

Increasing momentum for offshore wind site Utsira Nord, and how much will it dampen power prices?
The price impact is more limited when looking further out on the curve, as electrolyser demand increases in surrounding price

Record low capture rates in Finland for onshore wind in March 2025
Over to Finland now, and after a substantial build out of onshore wind over the last years, capture rates have

Are Nordic power prices that high?
While power prices have been higher than “normal”, we often read in the media that the interconnectors have increased prices

Extreme hydrological oversupply brings water values in NO4 and SE1 close to 0 EUR/MWh
After a winter characterized by weather-related outliers of extreme precipitation and periods of very mild and windy weather, Northern Scandinavia

The Norwegian Power Balance Going Ahead Depends Strongly on the Hydrological Situation
A hot topic discussed quite extensively and often in Norway, is if Norway will maintain a power surplus or not

What is the role of German batteries in Europe, particularly the Nordics?
Volt Power Analytics has analysed the effects of German battery capacity build out on solar pv capture prices in the

Above Average: Why Hourly Price Forward Curves Matter
With booming hourly price volatility, market prices have become too simplistic as they represent only the average price over the

How Impacted will Small Norwegian Hydropower Projects be from Future Continental Renewable Generation?
Over the past years it has become increasingly important for Norwegian power producers to be aware of the central European

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

The Role of Nordic Hydro Capacity Upgrades in the European Power Market
Southern Norway and Sweden saw really high prices driven by low Continental and Nordic wind power production and cold weather

Is German thermal decommissioning driving upside price volatility?
2024 showed a further emphasis on the green transition in Germany with yet a year of massive renewable buildout alongside

Record High Spot Prices in the Nordics
Spot prices in the Nordics have reached record highs, with Denmark experiencing a peak price of 936 EUR/MWh tomorrow. Low

Cold weather in Sweden affecting hydro power and wind power
Cold weather throughout Sweden has caused river icing, affecting hydro power and a reduction in wind power. Freezing temperatures are

Is the Nordic Region Prepared for Winter?
Following recent weeks of very wet and mild weather, reservoir levels in Norway and Sweden have climbed to high levels

Will NO3 See the Largest Changes When FBMC Goes Live Next Week?
From the parallel runs, we found three interconnectors that have a significant impact on prices by enabling increased power flows:

Simulated System Prices vs. Area Prices: 2025 Outlook for NO2, SE2, and DE
We have observed some of the variations in simulated system prices versus simulated area prices in NO2, SE2 and DE.

Solar PV Capture Prices in SE3 in Profit?
Booming solar PV production across Europe has led to declining capture prices and rates. Our solar PV capture prices, based

How High is the Risk of Cannibalization of Solar PV Profits in NO1 Towards 2030?
Booming solar PV production across Europe has led to dwindling capture prices and rates. Our solar PV capture price based

How Would Nordic Winter 2025 Prices be Affected if Olkiluoto 3 Experienced an Outage?
We recently conducted a scenario analysis in which the Olkiluoto 3 nuclear power plant in Finland experienced an unplanned outage

High Reservoir Filling Levels in NO2 and High Spot Prices?
High Reservoir Filling Levels in NO2 and High Spot Prices? Last Wednesday, NVE reported the highest reservoir level in South

The European Energy Landscape is Changing
The European Energy Landscape Is Changing: The Power Situation Year on Year Throughout Europe Can Be Drastically Different. From May

Summer 2024 Energy Price Forecast: Renewables and Weather Shape the Market
Volt Power Analytics has conducted a comparison between our forecasted prices for the coming summer and last year’s summer prices.

Norwegian and Swedish 2035 Outlooks: Volt’s Long-term Price Forecast
Report Release Notice: 8th May 2024 Volt Power Analytics are releasing their 2035 outlook for the Norwegian and Swedish bidding

Volt and BCG Study: Sørlige Nørdsjø II Will Give Significantly Lower Power Prices
In an analysis carried out together with BCG, we have investigated the price effect of offshore wind from 2030 onward.

Electrification of Two Oil Platforms Outside NO3: NO3 Price Increases by Nearly 3€/MWh on Average
A new plan published last autumn for the electrification of two offshore oil platforms in Norway would connect a 142-kilometer

Baltics Expecting Reduced Power Balance Deficit on Higher Renewables in 2024
Volt Power Analytics anticipate significant shifts in 2024 for the Baltic region’s power landscape. With increasing renewable resources, changes in

January Brings Elevated Finnish Spot Prices
The Finnish spot price has soared to €228/MWh, a significant increase compared to the system price (€94/MWh) and other Nordic

Viking Link Online: Stronger Interconnection to Great Britain Increases Nordic Prices
By Katinka Bogaard, Olav Johan Botnen, William Bjønness, and Odd Gunnar Jakobsen The Viking Link cable connecting Western Denmark and the UK

Negative Prices in the Nordics: The New Normal?
Quite the ride for Nordic power producers over the last year, climbing from record highs last year to record lows

Introducing the Nordic Horizon Webinar
Our Nordic Horizon Webinar is a new free market update from Volt Power Analytic’s market analysis team. This 30 minute bite-sized

Strong Power Consumption Growth Forecasted in all Nordic Countries
Anticipating robust growth in power consumption in the Nordic countries up to 2030. Our estimates, though conservative, consider challenges like

Summer Internships at Volt Power Analytics
Over the next weeks we’ll be taking applications for Summer Internships at Volt Power Analytics. Below are some of our

The Nordic Horizon: Energy Supply in 2030
At Volt Power Analytics, we forecast a 25% higher electricity supply, and a race to reach renewable targets. In Norway,

Nordic energy markets shaked by wet weather in September
In early August, Storm Hans made its presence felt, bringing with it heavy rainfall that significantly impacted numerous hydropower systems

Solar to be the Highest Contributor to Installed Capacity Growth in NO2 Towards 2030
So far this year there has been a limited development of new production capacity in Norway, with the only new

Welcome Odd Gunnar Jakobsen
We are excited to announce that Odd Gunnar Jakobsen joined the Volt Power Analytics team today as a Senior Power

Welcome Olav Botnen
We welcome Olav Botnen to Volt Power Analytics. He joined the team from the beginning of May as our Nordic

Olkiluoto 3 online after 18 years of construction
After 18 years of construction, the Finnish nuclear power plant, Olkiluoto 3, finished its test period and has begun regular

Press release
Olav Botnen, Katinka Bogaard and Borge Bogaard have joined forces through their new endeavor Volt Power Analytics, with headquarters in