The forecast for electricity trade turnover in Norway shows a consistent upward trend from 2024 to 2028, with values increasing from 6.45 billion Euros in 2024 to 7.12 billion Euros in 2028. The electricity trade turnover in 2023 stood at 6.29 billion Euros. The year-on-year variation percentages are as follows:
- 2024: +2.54%
- 2025: +2.64%
- 2026: +2.57%
- 2027: +2.50%
- 2028: +2.30%
The Compound Annual Growth Rate (CAGR) over the last five years is approximately +2.51%. This steady growth indicates a robust upward trend in Norway's electricity trade turnover.
Future trends to watch for include the growing influence of renewable energy sources on the electricity market, potential shifts due to regulatory changes, and advancements in energy storage technologies. Additionally, geopolitical factors and cooperation with neighboring countries could play a significant role in shaping the future of electricity trade in Norway.
