Electricity in Norway in 2023/2024

Norway's electricity consumption over the past 12 months, from September 2023 to August 2024, reflects a tremendous achievement in sustainable energy adoption. Impressively, 98.9% of Norway's electricity comes from low-carbon sources. Of this, hydropower constitutes the lion's share at 89.09%, while wind contributes another 9.32%. Fossil fuels play a minimal role in electricity generation, with gas making up the remaining 1.1%. This impressive reliance on clean electricity demonstrates Norway's commitment to reducing its carbon footprint. As Norway looks to the future, the next substantial challenge lies in electrifying other sectors such as transport, heating, and industrial activities, which will demand significantly more electricity.

Suggestions

To meet the increasing electricity demand from electrification, Norway should consider expanding its low-carbon electricity generation capacities. Investing in more wind farms, particularly offshore wind, can provide a substantial boost given the country's favorable maritime conditions. Further, nuclear energy presents a reliable and scalable option to supplement hydropower and wind. Embracing nuclear power could ensure a steady supply of electricity, especially during periods when hydropower and wind generation fluctuate. By diversifying its clean energy portfolio, Norway can not only meet rising electricity demands but also further solidify its leadership in sustainable energy.

History

Norway has a rich history of low-carbon electricity generation dominated by hydropower. Significant increases occurred in the early 1980s, with a 9 TWh boost in 1981 and a 13 TWh rise in 1983. The late 1990s also saw notable increases, such as 9.8 TWh in 1995, though interspersed with periods of decline, like the significant drops of 18.3 TWh in 1996 and 21.3 TWh in 2001. Notably, the early 2000s were marked by great variability, including a 27.2 TWh increase in 2005 but a 16.7 TWh decline in 2006. In more recent history, there was a substantial 16 TWh increase in 2020, followed by a 15.7 TWh reduction in 2022. These fluctuations underscore the need for more stable and reliable sources, such as nuclear energy, to complement hydropower and ensure consistent low-carbon electricity generation.

Electricity Imports and Exports

Balance of Trade

Maximum Imports

Data Sources