Statkraft's most recent quarterly report ended up showing an operating result of NOK 4.6bn – proof that the catastrophic year of 2020 no longer weighs on the state-owned power company.
The excellent operating results are mainly driven by record-high electricity prices, but while the power rates benefited the bottom line, it threw shade on other aspects of the company, more specifically the Market Operations division, which presented a herostratic deficit of NOK 1bn.
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