Plugged In – video podcast

Norway faces a dry, expensive winter

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August 25, 2026

Reservoir levels in southern Norway are at their lowest for 30 years raising concerns about power prices in the months ahead and the Nordic region’s ability to balance domestic needs with exports to neighbouring markets.

In this episode of Plugged In, we examine the state of Nordic hydropower, the outlook for reservoir refilling and what current weather patterns could mean for power markets in the months ahead. The discussion explores the role of interconnectors, changing power flows between countries and how weather uncertainty continues to shape market expectations.

Looking beyond this winter, our guests also consider how the Nordic power system may evolve over the next five to ten years as demand rises, generation changes and the energy transition gathers pace.

Host: Snjólfur Richard Sverrisson – Editor-in-Chief, Montel News

Guests:
Gert Ove Mollestad – Norway Editor, Montel News
Gro Klæboe – Product Manager, Mid- and Long-term Modelling, Volue Data & Forecasts
Silje Eriksen Holmen – Head of Fundamentals and Hydrology, Volt Power
Sigbjørn Seland – Chief Analyst, StromGeo

Editor: Alexandra Carlon
Producer: Alexandra Carlon