World-Longest Subsea Power Cable to Blunt UK's Price Peaks Despite 'Tight' State in Norway – Pundit

With Norwegian water reservoirs at a record low over the past 20 years amid sparse rains, the probability of electricity rationing has gone up by 20 percent. According to power analyst Marius Holm Rennesund, the new power cable will push up prices in Norway, while at the same time removing the British price peaks.