This shows a calculation euro countries has done.

On Thursday, the government and state-owned company Statnett reduced capacity on power lines between Norway and the UK.

As a result, Norwegian electricity producers in southern Norway are not allowed to send as much electricity to the UK as before. Because electricity prices in Norway are currently lower than in the UK, producers are losing revenue.

On the other hand, this could lead to lower prices for Norwegian consumers.

Export capacity was reduced from 1,400 megawatts to 1,100 megawatts.

Europower’s calculations show that prices announced on Monday on the Norwegian side of the cable mean the producer lost NOK 8 million on this day alone.

Instruction?

The reason for the cut in exports is that the UK has not sent back as much electricity as Norway has.

The government and Statnett argued over who should get “credit” for the export cuts.

Statnett has told Teknikk Ukeblad that they made the decision on their own initiative, after receiving a letter from the Ministry of Oil and Energy about what to do.

– No, this is not a political instruction – quite the opposite. “This is an operational decision that we took,” communications director Henrik Glette at Statnett told TU on Friday.

He then sided with his own owner, the government.

Vedum: Not export cables, but exchange cables

Finance Minister Trygve Slagsvold Vedum (Sp) said the government instructed the company.

On Thursday, he told NTB that the government does not want the cable to export large amounts of electricity outside Norway, when it is likely that what we can buy from the UK is less than what we can export.

– Then the government thought we don’t want it to be an export cable, but an exchange cable, Vedum said.

Minister of Petroleum and Energy Terje Aasland (Ap) believes that it is a shame that transmission capacity to Norway is sometimes lower than outside Norway.

– I have asked Statnett to facilitate exchange capacity symmetry in the NSL, better known as the UK cable. “That’s why Statnett is reducing the capacity of these overseas connections today,” he told NTB, Thursday.