Statnett SF Statement re congestion revenues (7635A)
04 Febrero 2022 - 5:23AM
UK Regulatory
TIDM93RX
RNS Number : 7635A
Statnett SF
04 February 2022
Statnett SF - Publication of congestion revenues on a regular
basis
In November 2021 Statnett informed that calculated congestion
revenues will be published regularly on Statnett's website. This
will now come into effect on a monthly basis, with publication on
the 10 (th) of each following month. The first publication will be
on 10 (th) February 2022 on Statnett's website.
The Nordic power market is divided into bidding zones.
Congestion revenues derive from power being transferred between two
countries or between bidding zones internally in Norway. Congestion
revenues that originate from power exchange between different
countries are divided 50/50 between Statnett and our partner in the
neighboring country, while congestion revenues from the Norwegian
internal transmission grid goes to Statnett in its entirety .
Norway has five bidding zones; Sweden has four while Denmark has
two. The power price in each bidding zone is determined daily by
the power exchange (NordPool) for each hour of the day based on
supply and demand.
Statnetts income is regulated through a revenue cap. The
congestion revenues are passed on to Statnett's customers through a
reduction in grid tariffs.
Contact
Statnett's press phone
+47 23 90 40 00
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END
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