Northern zones NO3 and NO4 are much cheaper than southern zones NO1, NO2, and NO5 today. But the long-term outlook shows that gap narrowing.
Demand surge– data centres and growing consumption push prices higher over the next six years
Wind picks up- new onshore and offshore projects ease prices after 2031
Regional shifts- NO2 leads in prices until 2035, then aligns with southern zones. Northern zones remain lower but gradually catch up
Bottom line: Looking forward, we can see the prices between each bidding zone closing together. Rising demand and renewable expansion will reshape Norway’s electricity market over the next decade.
Let us know if you want to find out more, and discuss our 2050 Outlook
Link to post: https://shorturl.at/y6mmc
