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Norwegian Hydro Stocks Hit Record Low, Raising Power Price Risks
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarCommodities & Raw MaterialsNatural Disasters & Weather
Electricity reservoirs supplying southern Norway fell to a record low for this time of year, increasing the likelihood of higher power prices this winter. The shortfall also raises Europe’s reliance on natural gas as backup supply, which can pressure regional energy costs and volatility.
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