The electricity grid
A secure and reliable power supply is essential in any modern society. Norway has an extensive electricity grid for the transmission of power from producers to consumers.
The market price of power, which is determined each day on the Nord Pool Spot power exchange, is a result of supply and demand. Norway is part of a common Nordic power market and is integrated with the power market in Europe.
The Ministry of Petroleum and Energy has the overall responsibility for managing the power supply in Norway.
Today, the Norwegian government presented a White Paper on energy policy – Power for change – an energy policy towards 2030. The main message is that security of supply, consequences for climate and economic growth must be considered together to secure an efficient and climate friendly energy supply.