Wet summer grants big cities in hydro-powered Norway 2 days of free electricity

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Wet summer grants big cities in hydro-powered Norway 2 days of free electricity
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Rain-swelled reservoirs in hydro-powered Norway mean residents in its two largest cities have enjoyed 2 days with free electricity.

— Electricity was free in Norway's two biggest cities on Monday, market data showed, the silver lining of a wet summer. With power almost exclusivelyin Norway, the more it rains or snows, the more the reservoirs fill up and the lower the electricity price.

As a result, the spot price of electricity before taxes and grid fees was expected to hover between 0 and -0.3 kroner on Monday in the capital Oslo and the second biggest city, Bergen, according to specialized news site Europower.

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