OSLO, Jan 15 (Reuters) - Electricity consumption in Norway hit an all-time high of 24,536 megawatt hours (MWh) on Friday morning as temperatures well below freezing drove up heating demand, grid operator Statnett said.
The new record was hit for the hour from 0700 GMT and equated the use of 24 million electric heaters, Statnett said.
The previous record stood at 24,485 MWh and was set on Jan. 21 of 2016, it added.
“This is obviously a result of the cold weather in large parts of the country and because power demand has increased in recent years due to more electricity use in the transport sector and from industry,” Statnett Executive Vice President Gunnar Loevaas said in a statement.
Electric vehicles took a record 54% market share of new car sales in the Nordic country in 2020.
With the cold weather set to continue through the weekend, demand would remain elevated and a new record could already be on the cards from 1500 GMT on Friday, Statnett said.
Still, electricity production, which is dominated by hydropower, continued to outpace demand and stood at 25,699 MWh during the record-setting hour on Friday morning.
Norway set a new annual power production record of 153.3 terawatt hours (TWh) last year amid a wet and mild winter.
The recent cold weather has driven up wholesale power prices however, which came close to a five-year peak last week.
The hour from 0700 GMT on Friday morning cost 96.64 euros per megawatt hour in southern parts of Norway, compared to an average power price of just below 10 euros per megawatt hour for 2020. (Editing by Terje Solsvik)
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January 15, 2021 at 08:36PM
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Cold spell drives Norway's power consumption to record high - Reuters
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