The Nordic region’s shrinking power surplus means it could switch from being a net exporter to a net importer between 2025-2027 in certain weather conditions, said Swedish TSO Svenska Kraftnat (SvK).
The TSO’s report, published late on Tuesday, showed the region’s annual power surplus would drop from 38 TWh in 2023 to 13 TWh in 2027.
In the case of a very wet and mild year, the Nordic region could produce 20-30 TWh more power than in a very dry and cold year and these variables mean the region could become a net importer, said the TSO.
SvK expected the power demand in Finland, Denmark, Sweden and Norway to rise from 410 TWh in 2023 to 517 TWh in 2027, mostly due to more electrolysis needed for the green transition. Meanwhile, new power production capacity was likely to grow at a much slower rate, it said. [EMP]