The matter in summary A new power cable, Viking Link, between Denmark and Great Britain opens on Friday. It has a capacity of 1,400 megawatts. Viking Link may lead to an increase in electricity prices in southern Norway, with a marginally higher price of 0.9 øre per kilowatt hour to 1.5 øre per kilowatt hour over the whole year on average. For an average household, this will amount to an increase of NOK 130–220 per year. The price area NO2, which runs from Sunnhordland to Buskerud, will be most affected. Viking Link will operate with a capacity of 800 megawatts in 2024, and will first operate at full capacity, 1,400 megawatts, in 2025. Oil and Energy Minister Terje Aasland (Ap) states that anything that has a negative effect on prices is unfortunate, and that it is important to expand the network in Norway to ensure better power flow between the various price areas. The summary is made by an AI service from OpenAi. The content is quality assured by news’s journalists before publication. Viking Link has a capacity of 1,400 megawatts, and runs between Jutland in Denmark and Great Britain. Since the UK usually has more expensive electricity than the Nordics, another cable to the UK will lead to more expensive electricity in the Nordics. At the end of 2021, the first cable, the North Sea Link, opened between Rogaland and Great Britain. According to calculations made by the analysis company Volt Power Analytics, Viking Link will affect electricity prices in southern Norway. It was europower.no that first mentioned the matter. Higher price – It will lead to a marginally higher price. We are talking about 0.9 øre per kilowatt hour to 1.5 øre per kilowatt hour over the whole year on average. That’s what power analyst at Volt Power Analytics, Katinka Bogaard, tells news. Katinka Bogaard is a power analyst at Volt Power Analytics. Photo: Victoria Marie Nordahl / news It is the NO2 price range that runs from Sunnhordland to Buskerud that will be most affected. – How will we mark it on the wallet? – For an average household, it will be NOK 130-220 per year. It’s a small jump, but there are many other factors in the electricity market that play a much bigger role in prices going forward, Bogaard replies. This is how Norway has become more closely connected to Europe with power cables.Norway is part of a power market that is connected to Sweden, Denmark, Great Britain, Germany, Poland, Russia, the Netherlands and the Baltic countries with cables. The aim is to even out price differences and to strengthen energy security. A high-voltage power line transmits power from Sør-Trøndelag to Jämtland in Sweden for the first time. Since then, several lines have been built to Sweden and Finland. The submarine cables Skagerrak 1 and 2 were installed in the summer of 1976 and 1977. The transmission capacity was 500 megawatts. Since then, Norway has received two new cables to Denmark in 1993 and 2014. The power market was opened up with the Energy Act. Prices for power were to be governed by supply and demand. Sweden and Norway formed a joint power exchange, which Finland and Denmark later joined. The Nordned cable between Norway and the Netherlands will open in April 2008. The capacity is 700 megawatts. The fourth cable, Skagerrak 4, opened between Kristiansand and Tjele in Denmark at the turn of the year. Then the transmission capacity between the countries increased from 1,000 to 1,700 megawatts. The Solberg government decides to build a cable to Germany and Great Britain, each of 1400 megawatts. In December, trial operation of Nordlink, which runs between southern Norway and Germany, began. Since March 2021, the cable has been in normal operation. The capacity is 1400 megawatts. The cable between Suldal in Rogaland and Newcastle in the UK opened in October 2021. The transmission capacity is 1400 megawatts. Show more Full capacity in 2025 The company has run several simulations in which they have calculated how electricity prices will be affected by the new cable over the next two years. While the price will go down somewhat in Jutland, the price will go up somewhat in Great Britain. The map above shows where the Viking Link, Cross Skagerrak and NSN power cables run between Great Britain, Norway and Denmark. Towards 2030, there will be so much renewable energy coming in that the impact will be minimal, according to Bogaard. Viking Link will operate with a capacity of 800 megawatts in 2024. Only in 2025 will it operate at full capacity, 1400 megawatts. That is something more than Norway’s largest hydropower plant in Hurdal, which has a capacity of 1,200 megawatts. – Unlucky Oil and Energy Minister Terje Aasland (Ap) tells news that anything that has a negative effect on prices is unfortunate. – Therefore, we must be extremely attentive, and ensure that we are able to develop our power system so that we are able to bring prices down. Oil and Energy Minister Terje Aasland. Photo: Javad Parsa / NTB – Is it fair that the residents of southern Norway have to pay a particularly high electricity price to contribute to the green shift in Europe? – No. It is not. At the same time, the minister points out that we have a system where we need power exchange to maintain energy security. He believes it is important that we expand the network in Norway so that it can ensure a better flow of power between the different price areas. Want to slow down price contagion In Norwegian politics, there is a big divide in the view of power cooperation in Europe, of which Norway is a part. In the Støre government, the Center Party would prefer that Norway should not be linked more closely to more expensive price areas. Storting representative Gro Anita Mykjåland (Sp) says she is keen to slow down the price contagion entering Norway. Gro Anita Mykjåland (Sp). Photo: Ina Marie Sigurdsen / news – It is quite clear that the more integrated Norway becomes in the European energy market, the more price contagion we will experience, she says to news. Oil and Energy Minister Terje Aasland believes that the most important thing you can do to prevent price contagion is to ensure that Norway has good power coverage itself. He points to both the development of wind power, offshore wind and the upgrading of hydropower as important measures that have already been started. – At the same time, we must expand the network more than we have done historically. If we manage to do that, we can curb the infection. No to new overseas cables The Center Party does not want to build new overseas cables. Gro Anita Mykjåland also sees no reason to renew the two of the four power cables that go to Denmark from southern Norway. – We already have a large foreign connection, especially from NO2 South-west Norway. The most important thing will be to develop more power and networks here in Norway so that we get stable and good power prices for households and business, she says. Oil and Energy Minister Terje Aasland tells news that it is too early to say whether the old cables to Denmark should be renewed. – Good that it opens Ola Elvestuen (V) is positive about the opening of the new power cable between Great Britain and Jutland. – It is good that it opens. It helps that Britain can reduce its emissions, and become less dependent on fossil gas, and it will strengthen the economy of the Danish wind power industry, says Elvestuen to news. Ola Elvestuen (L) Photo: Glenn Aaseby / news
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New power cable can lead to more expensive electricity – news Sørlandet – Local news, TV and radio
