Norway political crisis: how to deal with EU "price infection"? Great turmoil has been at the center of recent EU-Norway relations, as electricity price spikes hit nordic consumers. Government plans to reduce domestic uncertainty may be bad news for power futures markets. Last December, Norway's southern bidding zones recorded the highest electricity price since 2009 (NOK 13 or EUR 1.12 per KWh). Lack of wind power generation in Germany and Denmark, leading to higher demand for cheap Norwegian hydroelectricity, was deemed as the main cause. The labor-led government's decision to reject any new proposal for interconnectors before 2029, may thus not have come as a surprise. However, the possible introduction of a fixed-retail price by October 1st did. The proposal comes at a time of political chaos, with the Center Party leaving the majority coalition, and increasing requests to curb electricity exports. Fixed one-year contracts at NOK 400 (EUR 34 MWh) would help relie...