OSLO May 16 Power prices in Norway may rise by
0.03-0.04 crown per kilowatt hour on average once two power
cables to Europe are completed by 2021, the Norwegian grid's CEO
Statnett is building two 1.4 gigawatt (GW) subsea power
links to Germany and Britain, due to enter operations by 2020
and 2021 respectively, at a cost of up to 2 billion euros each.
Building interconnectors is controversial in Norway, with
critics arguing that higher power prices will make the Nordic
country less attractive for energy-hungry industries such as
"When we install those two interconnectors, prices in Norway
on average may increase by about three, maybe four oere (NOK
0.03-0.04) per kilowatt hour," Auke Lont said in an interview.
The Nordic power price was trading at 0.281 crown per
kilowatt hour on Tuesday.
(Reporting by Lefteris Karagiannopoulos; editing by Gwladys
Fouche and Jason Neely)