Nordic Power Prices at Risk of Winter Spikes as Hydropower Reserves Plunge

Low hydropower reservoir levels in southern Norway and Sweden, combined with elevated natural gas prices, are setting the stage for potential power price spikes in the Nordics this winter. Mind Energy warns that prolonged low wind speeds could exacerbate the situation. The development signals tightening regional power supply and increased price volatility, with implications for energy-intensive industries and cross-border power flows.

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