Shock market: the many virtues of energy trading

震荡市场:能源交易的诸多优点

Editor's Picks from The Economist

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2025-01-28

4 分钟
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A handpicked article read aloud from the latest issue of The Economist. Though some states balk at the notion of energy trading, we argue that connecting power grids makes electricity cheaper, greener, and more reliable. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.
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  • The Economist Hello, this is Alok Jha,

  • host of Babbage, our weekly podcast on science and technology.

  • Welcome to Editor's Picks.

  • We've chosen an unmissable article from the latest edition of The Economist.

  • Please do have a listen.

  • Norwegian politicians have had a shock.

  • Wholesale power prices have been spiking as wind-powered neighbours rush to import Norwegian electricity when the normally blustering North Sea turns calm.

  • The big political parties are suddenly souring on the idea that Norway should export ever more of its abundant hydropower.

  • Several want some of the cables carrying electricity abroad to be switched off.

  • The Progress Party, which is leading in the polls,

  • also wants to increase already generous subsidies for household bills.

  • One way or another, in the name of reducing domestic prices,

  • exports seem likely to be curbed after elections later this year.

  • Norway would be shooting or zapping itself in the foot.

  • Its transmission links to nearby countries are good for it, Europe and the planet.

  • International cables make electricity cheaper, greener and more reliable.

  • Around the world less than 3% of all power crosses a border.

  • Some countries, such as Bangladesh and Singapore, are trying to import more.

  • Most others should do the same.

  • Connecting up grids brings a host of benefits.