Norway’s Prime Minister Says Europe Power Market ‘Needs Change’

Last week’s power price spikes highlight the need for reforms in Europe’s electricity market, Norwegian Prime Minister Jonas Gahr Store said in an interview.

The nation has long enjoyed some of the lowest electricity prices in the world because of its abundant hydro power. But being part of the regional market has led to higher volatility and a growing dissatisfaction among Norwegian consumers, which use a lot of electricity to heat their homes.

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Publish date : 2024-12-19 06:37:00

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