Norway's Energy Shortage Due to Low Snowfall Impacts Hydropower and Exports
Norway is experiencing a significant energy shortage due to an unusually cold winter with minimal snowfall, which has depleted snow reserves to their lowest levels in two decades. This shortage has resulted in a deficit of approximately 25 TWh of electricity, equating to 20% of Norway's hydropower output from the previous year. The lack of snow has severely impacted hydropower production, which is the primary source of electricity in Norway, accounting for nearly 90% of its total electricity generation. Consequently, exports to the UK and Germany have been drastically reduced, leading to increased energy prices in the Nordic region. The situation highlights Norway's vulnerability to weather changes, as its energy system heavily relies on snowmelt to generate hydropower.