The water reservoirs in Norway increased their filling rate to 28.8 percent last week, up 2.3 percentage points from the previous week. The question is whether it will significantly reduce the high electricity prices.
The weekly reservoir statistics from the Norwegian Directorate of Water Resources and Energy (NVE) provide good news related to the Norwegian water reservoirs.
The occupancy rate increased by 2.3 percentage points, to 28.8 percent last week, compared to the week before. High temperatures in some places and good speed in the snow melt play a role here. Especially in the Eastern Norway region, the increase has been large.
However, the overall occupancy rate is lower than the normal for the same period in the last 20 years, which is a level of 35.6 per cent.
This is how it is distributed across the regions of the country:
In eastern, southwestern, central, northern and western Norway, the degree of filling was below norms for this time of year.
For the dams in Eastern Norway, the level was 21.04 per cent, up 5.8 percentage points from the previous week.
In South-West Norway, the level was 36 per cent, up 3.3 percentage points from the previous week.
In Central Norway, the level was 15.12 per cent, up 3.6 percentage points from the previous week.
In Northern Norway, the level was 32.03 per cent, up 0.3 percentage points from the previous week.
In Western Norway, the level was 20.4 per cent, up 0.7 percentage points from the previous week.
Then there is the question of whether an increasing degree of filling will contribute to lower electricity prices, compared to the network of electricity export agreements that the Norwegian authorities have entered into. According to NTB, Thursday’s maximum price for electricity in this country is exactly NOK 1 per kWh.
Many politicians have recently spoken about the need to do something about these agreements, but so far little has been actually done.