Power crisis, power | Need: A policy of low electricity prices

The big question is whether the government will come around to the current electricity market regime, which undermines Norway’s competitiveness, reinforces differences and increases pressure on nature.

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Choice upon choice

First they set up the Energy Commission. Later the Labor Party set up its own Energy Committee. After negotiations with SV, the government set up a preliminary final committee, namely the Power Pricing Committee.

Two years of committees and hearings can be summed up as a power-political deadlock.

I find it hard to understand anything other than the government not wanting to do anything with the power market regime.

A lot of assistance is available to the government through the Electricity Price Board.

“The Art of Balance”

Their statement is called “Balance Art”.

On the front, it is illustrated with a smaller, regular triangle balancing a larger triangle. It is divided into four equilateral triangles, supply, sustainability, prices and environmental protection. The problem with the chart and the Power Price Panel report is that the big triangle and all its buzz is already upside down.

The reason? Yes, a liberalized European power market.

Neither the committee nor the government will acknowledge the real problem.

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NVE believes that electricity prices will remain high in the coming years

The deal is broken

Hydropower has long ensured security of supply and reasonable prices.

Power generation came at a cost to nature. The social contract that was the basis of development must give something back to population reduction.

Today the deal is broken.

Because we no longer pay the price for hydropower. Instead, the price is fixed in the transmission of electricity.

Gas is a price driver. This is how we miss the first step of renewable energy. We observe this in the south of Norway where foreign cables are located. Price contagion is high here.

The market system is also profoundly unfair.

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A power cut reduces electricity bill:- Many people don’t know this

Many have to pay a high price

Although the Power Price Committee is pro-market, the Committee recognizes this as problematic. Electricity is a vital commodity. Not everyone is lucky enough to pay high prices in the middle of winter without problems.

It is also difficult to keep a balance with politicians whose slogan is “Most of all – Speed”.

In theory, if we say yes to all the crypto factories, data centers, closet electrification and other power wastage there are no limits to how much electricity we need.

Here, without authority, reducing emissions requires political priority.

Finally, the European energy market puts nature under pressure. The European market is almost indescribable.

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I feel bad on behalf of many people on my son’s team

Bising competition

If more power development is going to be the answer to reducing power prices, the government should know they are in for a busy race.

Norway’s power generation is just a speck in the ocean. Everyone realizes that this is futile; We don’t get low prices. The result is simply a blanket of valuable Norwegian nature with unbridled wind power.

It is true that the Electricity Price Committee discussed a number of individual measures that could match the current market pattern.

Red doesn’t mind small improvements like lower fixed price contracts. The proposal for a common price ceiling is too radical. This may have something to do with it, but at the same time we need to do something about price contagion.

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Now pays NOK 1.2 million every minute

High and volatile prices

Otherwise, we only risk high and unstable prices throughout Norway. The group is also aware that export restrictions may depress prices in the event of low replenishment. This requires a government that rethinks our power agreements.

The finance minister had earlier said that new measures would be taken before Nattar festival. Now the pipe sounds different.

“It won’t happen tomorrow,” was the message from the Center Party’s parliamentary leader. The energy minister did not indicate immediate, concrete steps.

I doubt the government hopes it will all boil down.

It won’t work.

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Thomas Øye is back in control: breaking his silence after 20 years

Paralysis of power politics

The Central Party and the Labor Party cannot live with this power-political dysfunction.

If your ministers can do it, it is not certain that the voters can. The government has a choice between taking on more regulations and a political fight to lower prices, or they can behave like another right-wing government and let the market crash.

The latter would be a disaster for people and industry – and it undermines trust in the entire left in Norwegian politics.