Electricity, July 2002

The production of electricity was 9 112 GWh in July. This is the third highest production recorded for this month, and 31.8 per cent more than in July last year. The high production combined with low consumption led to a record high level of exportation of electric energy. Exports amounted to 2 282 GWh to a value of NOK 265 million. Norway has exported 8 820 GWh so far this year, 97 per cent more than in the corresponding period last year, to a value of nearly NOK 1.2 billion. The level in the water reservoirs was above the median the entire July. Production plants that chose to tap water from the reservoirs for production - considered among other factors - the prices of electricity expected rainfall and prices in the autumn. The production of electricity has reached 75 010 GWh so far this year, 6.8 per cent more than for the corresponding period last year.

Consumption down

The consumption of electric energy was 6 865 in July. This is a decline of 9.8 per cent compared with the corresponding month last year, and the lowest level recorded since July 1993. July was the seventh month in a row with a decline in the consumption compared with the same months last year, and for the entire period the consumption fell by 7.4 per cent. The temperature was above normal in July, as it has been every month in 2002. The temperature has a greater impact on the consumption of electric energy in the winter months.

See also

Reservoir level

Prices of electric energy

Tables:

• Table 1 Production, import, export and consumption of electric energy. GWh. Preliminary figures