Bloomberg News

Nordic Electricity Demand Growth to Prevent Glut, Statnett Says

December 20, 2012

Nordic power demand will grow in the coming years, preventing a significant surplus even as the region boosts renewable energy production, Norway’s grid company Statnett SF said.

“It is unrealistic to expect a very large power surplus in the future, since power demand must be assumed to grow,” while there will probably be a slowdown in renewable-energy investments after 2020, Executive Vice President Gunnar G. Loevas wrote in a letter to Swedish grid operator Svenska Kraftnaet, dated Dec. 10.

Investment in electricity cables is needed to realize the European Commission’s plan to create an internal power market for the bloc by 2014. Statnett’s view contrasts with that of Svenska Kraftnaet, which proposes building links to continental Europe to ship out a future annual electricity surplus as high as 30 terawatt-hours, according to a plan presented in October.

Statnett’s letter was a response to a public consultation on the Swedish grid operator’s assessment for needed network investments for the next 13 years. European countries need to boost links to pave the way for more wind and solar energy, helping ship excess power from nations with prevalent wind and sunshine to others where demand is high, according to the commission.

To contact the reporter on this story: Torsten Fagerholm in Helsinki at tfagerholm@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net


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