Norway maintained its right to cut power exports, but only if there is a real shortage of electricity at home.
The government on Friday presented its highly anticipated plan to control exports during a supply crisis. The proposal suggests a staged approach to protecting water resources, including requirements that hydropower producers implement strategies to ensure security of supply and the right for authorities to intervene if there are concerns about a shortfall.
Germany and the Netherlands rely on electricity from the Nordic nation, which is sometimes referred to as Europe’s green battery because of its vast and cheap hydro resources. ...
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