EnergyWatch

Mergers could save rate payers major sums

A wave of mergers among the Norway's 100 power grid operators could give rate payers total annual savings worth NOK 2.6 billion (EUR 270 million), a new estimate shows. But companies are hesitant, reports Norwegian media Dagens Næringsliv, which points to high executive compensation.

Photo: Ritzau Scanpix/Henning Bagger

Norwegian Minister of Petroleum and Energy Kjell-Børge Freiberg and Director General of the Norwegian Competition Authority Lars Sørgard think that mergers among many of the country's power grid operators, which count more than 100, could benefit both the companies and the county's rate payers.

According to an estimate from the Norwegian Water Resources and Energy Directorate (NVE), rate payers could save around NOK 2.6 billion annually if the number of grid operators were halved, writes Norwegian business daily Dagens Næringsliv, which insinuates that such a development is being halted by recalcitrant executives.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs