The booming business of knitting together the world’s electricity grids
Norway mostly generate electricity from renewable sources, some 99% of our annual production (~120TWh, if memory serves) is hydro-electric.We've seen prices becoming more volatile in later years as our domestic market has become more interconnected with that of continental Europe.Normally, I'd be all in favour of being part of a larger, working market; however with European countries phasing out coal (makes sense) and nuclear (makes less sense), supply is being cut while demand soars; hardly a recipe for stable prices.It would be nice to serve base power needs by nuclear power, then use hydro (which can be regulated up and down much faster than thermal power plants) to handle the peaks.