Electricity, November 2006

Power imports exceeded exports in the period September-November. Low production and higher prices in Norway compared with the rest of the Nordic power market during the period contributed to this result.

Power production

The production of power in November came to 10 206 GWh, which is 2 892 GWh lower than the corresponding month in 2005. This may be due to the large difference in the reservoir filling in November 2006 and November 2005. The filling in the middle of November 2005 was 91.9 per cent, which was 9.1 percentage points above the median. In the middle of November 2006 the filling amounted to 65.3 per cent of total capacity, 19.9 percentage points below the median.

The mean price in the spot market in November was 38.6 øre/KWh, while the average price in October and September was 45.0 øre/KWh and 52.5 øre/KWh respectively. During October and November the reservoir filling in Sweden and Norway increased and this may have affected the large fall in the spot price since September. In addition, high temperatures have contributed to low consumption of electricity.

Lower consumption of electricity

The gross domestic consumption of electricity in November was 11 028 GWh, 3.0 per cent lower than the corresponding month last year. The consumption in energy-intensive manufacturing was 2 473 GWh, which is a decrease of 5.5 per cent compared with November last year.

The consumption in the category "gross domestic consumption subtracted consumption in energy-intensive manufacturing" was 8 555 GWh, a decrease of 2.2 per cent compared with the corresponding month in 2005.

See also:

Prices of electric energy

Tables:

• Table 1 Production, import, export and consumption of electric energy. GWh. Preliminary figures