About the market > Consumption

There is normally a correlation between the level of a country’s economic development and its level of energy consumption. Energy consumption in the Nordic countries is above the average in the rest of the OECD countries. In recent years energy consumption in the Nord Pool area has increased by more than 1 % each year. Overall, the region consumes about 400 TWh in a normal year, and is thus the third largest energy consumer in Western Europe (after Germany and France).

Norwegian and Finnish industry are growing most

In Norway a large share of the consumption growth is linked to major investments in the petroleum industry. The next few years, new development projects continue to require large amounts of electricity, and this will provide supply problems to Mid-Norway. Therefore, action is taken to supply the region with more power. Also in Finland consumption growth is linked to growth in power intensive industry.

In Denmark and Sweden growth in electricity consumption has been moderate in recent years.