Energy Markets
Norway Energy Minister: Domestic subsidies don't disturb Nordic power market
Terje Aasland, the Norwegian Energy Minister, said that the government's plan to offer consumers a fixed-price, subsidised power contract in order to protect them from fluctuations in electricity prices does not distort wholesale power market signals. The "Norway Price" plan, first introduced at the end January, envisages that the government will guarantee private consumers a fixed price power contract of 0.40 crowns (0.0342 euros) per Kilowatt Hour (kWh). Aasland presented the finer details of the scheme on Monday, as it was being sent out for consultation. Aasland refuted critics who claimed that the scheme would distort Nordic wholesale electricity markets,...