This is an archived release.
Continued low power production
The production of power in October came to 8 612 GWh, a decline of 23.6 per cent compared with the same month last year. Net imports of power amounted to 1 052 GWh, which is the second largest import figure for power that has been recorded in the month of October.
Low reservoir filling, a decline in the consumption of electricity and a higher mean forward price in January compared with the mean spot price in October may have caused the drop in production. The mean price in the spot market in October was 45.0 øre/KWh, while the mean price in September was 52.5 øre/KWh. This is a decline of 14.2 per cent.
At the beginning of October, the reservoir filling was 62.2 per cent. During the month the reservoir filling increased by 1.8 percentage points to 64.0 per cent at the end of week 43. This is 23.1 percentage points below the median.
Net import of electricity
The low production in October contributed to imports of power exceeding exports. Imports of power in October amounted to 1 331 GWh, while exports amounted to 279 GWh.
Lower consumption of electricity
The gross domestic consumption of electricity in October was 9 665 GWh. This is 5.4 per cent lower than the corresponding month last year. The consumption in energy-intensive manufacturing was 2 536 GWh, which is a decrease of 5.7 percent compared with October last year.
The consumption in the category "gross domestic consumption subtracted consumption in energy-intensive manufacturing" was 7 129 GWh. This is a decrease of 5.3 per cent compared with the corresponding month last year.
See also Prices of electric energy .