Plugged In: the energy news podcast
End of year round-up, outlook (Part two)
Dec 29, 2023
A detailed discussion on key energy issues in 2023 and expectations for 2024, including drops in energy prices, geopolitical factors in Norway and Germany, challenges in Finland's energy sector, political struggles in Norway, renewables sector challenges, offshore wind prospects in Norway and Germany, and energy sector forecasts and global market analysis.
39:10
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Quick takeaways
- Nordic region faced extreme energy market volatility due to weather and supply issues.
- Global fuel markets anticipate ongoing uncertainty from geopolitical tensions and supply disruptions.
Deep dives
Nordic Energy Market Highlights
The Nordic region experienced a highly volatile energy market in 2023, with fluctuating system prices ranging from 13 to 200 euros due to factors like weather variations and supply issues. Norway saw record low energy prices post a massive storm affecting power plants and causing a dam breach. Finland faced challenges in energy supply due to war-related disruptions and bidding errors, impacting market stability and leading to new infrastructure considerations and incidents.
