Norway's timber and construction industry demand power support

Posted on January 20, 2023   |  

Norsk Industri demanded power support of tens of billions of NOK equivalent to the German's support scheme.

However, the government denied the claim and was very lukewarm in coming up with measures that can make their most important measures, fixed-price contracts less attractive.

It is early to pass any decision on the fixed price regime because fixed price contracts will be cheaper over the winter.

The new and cheaper offers have come as late as today in which Fortum offered a 7-year power contract of 69 cents and the price of a shorter agreement of 3 years also advanced under the krone, so far.