A PYMNTS Company

Norway: New gov’t pledges to break state energy monopoly

By  |  October 8, 2013

Norway’s incoming right-wing government has pledged to reform the nation’s energy sector by breaking its current state-owned energy monopoly and boosting competition, according to reports.

The Conservatives party, headed by prime minister-designate Erna Solberg, and ally the Progress party, will take power next week. In preparation, the new heads of government have vowed to reform current energy law and open the doors for other companies than state monopoly Statnett to own and operate power interconnectors that run between the nation and throughout Europe.

The nation is already connected to Netherlands and Denmark through the Nordic power market.

In the past, reports say domestic utilities Agder Energi and Lyse have wanted to connect to the UK; the upcoming policy changes could help them to do so, say reports.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.