This winter should give us a real test on how rapid end-users react to price changes in the Nordic market. Markedskraft believes that consumption has to drop 5-10% in order to avoid power rationing this winter. Nena believes such a consumption drop is highly realistic, and will bring prices down. SKM points out that in very cold winters consumption often increases as much as 8%.
It’s the simple logic of any market. If prices rise, consumers react by buying less. It has been argued that consumers in the power market don’t react like this because they need power too keep warm, make food and run their businesses. This winter they have to use less power to save money and help avoid possible power rationing later on. On Friday Markedskraft warned that th
Montag, 9.12.2002, 16:52 Uhr
Sara Fagernes
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