Nordic power cooperation

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The Nordic countries have a long history of a well-functioning and integrated power market, based on mutual trust and cooperation, as well as efficient use of Nordic power resources. With high political ambitions on electrification, green industry and decarbonization of the European power sector, both the Nordic and the European power system are changing. We are expecting increasingly volatile prices that vary with weather conditions. How can we prepare for these changes by building on the good foundation of Nordic cooperation?

On January 31st 2025, the Norwegian government presented a slate of new measures with the intention of reducing the power prices and price volatility. One of the measures proposed was to initiate a closer Nordic cooperation with the aim of considering different measures to reduce extreme power price peaks resulting from European power exchange, and to preserve the Nordic power system. 

Together with Nordenergi, Renewables Norway are publishing a whitepaper that headlines some important measures that could help reduce price volatility and prepare the power market for the changes we are facing with increased power demand and more variable power production in our system. 

Read the white paper here
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Portrettfoto med hvit bakgrunn av Ingvild Vestre Sem.
Profilbilde av Jan Magne Bae
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