Norway Wants to Scrap EU Power Links amid Surging Prices

Norway’s ruling party and the opposition party leading in the polls ahead of next year’s election plan to campaign for cutting off an interconnector with Denmark and renegotiate electricity interconnections with the EU and the UK as Norwegian power prices have soared to multi-year highs.   While not a part of the European Union, Norway is a key EU partner and is party to many EU single market initiatives, including in electricity interconnection. But unlike most of the EU countries, Norway has abundant hydro resources and doesn’t…