High power prices again have Statkraft soaring

The Norwegian power company exits the third quarter showing yet another advance in results, thereby truly leaving behind the terrible year that was 2020.

Photo: PR / Statkraft

In 2020, extremely low electricity prices were a constant theme that made it hard to be a power utility. In 2021, that picture is fully turned on its head.

Norwegian Statkraft closes the third quarter with positive figures to show. Q3 earnings before interest and taxes sum to NOK 4.6bn, up NOK 3.5bn against the same period last year – an advance mainly driven by high Nordic electricity prices and very large volumes of Norwegian hydroelectric generation.

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