Paper has become a worse and worse business since electronic media has taken over gradually.<p>But the &quot;turn factories off&quot; was a bit of a joke. Though Nordpool does have its spikes and it indeed makes sense to sometimes turn off factories. Depends on your process.<p>Nowadays they run data centers in some old paper factories here (since the electricity is cheap).
So in a sense the old industries are gone, from lack of demand, and new industries have gone where there is cheap power available.