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Europe’s Power Crisis Moves North as Water Shortage Persists

  • Norway reservoir levels at lowest in more than a decade
  • Hydro energy exports to Europe, the U.K. may face limitations
The Botsvatn reservoir in south Norway late September
The Botsvatn reservoir in south Norway late September

Source: Agder Energi

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As the frontier of Europe’s energy crisis moves north, the Nordic region faces a worsening power crisis with dwindling water reservoirs hampering the generation of hydroelectric power.

Nordic power prices were five times higher in September than a year ago. That’s hitting everyone from power-hungry factories and miners, to students struggling with their bills. Inflation is rocketing.