Norway — physical cross-border flows, 2026

Month by month

All borders together, with consumption for scale.

Month	Consumption, MWh	Physical exports			Physical imports			Average price, €/MWh	Difference €	Import ÷ consumption
Month	Consumption, MWh	MWh	€/MWh	€	MWh	€/MWh	€	Average price, €/MWh	Difference €	Import ÷ consumption
January	16,095,906	1,922,810	108.33	208,301,280	668,059	81.70	54,581,179	98.90	153,720,101	4.2%
February	14,246,682	839,773	116.01	97,424,851	1,227,207	88.30	108,359,836	102.28	−10,934,985	8.6%
March	12,885,901	1,050,118	116.42	122,257,162	2,160,343	77.29	166,967,195	80.65	−44,710,033	16.8%
April	11,125,778	977,059	110.69	108,146,230	1,895,671	67.21	127,408,729	82.08	−19,262,498	17.0%
May	10,338,690	1,387,368	111.18	154,244,353	1,386,445	70.15	97,258,308	81.87	56,986,045	13.4%
June	9,331,919	1,513,326	99.27	150,227,005	762,688	47.33	36,095,150	62.74	114,131,855	8.2%
July	9,172,620	1,437,448	98.94	142,214,475	1,402,964	79.53	111,577,548	76.82	30,636,927	15.3%
August	9,634,827	1,279,491	119.05	152,317,932	1,439,505	98.32	141,539,164	94.45	10,778,768	14.9%
September35.7% of hours	3,314,043	298,440	125.56	37,472,378	362,299	104.98	38,032,733	104.21	−560,354	10.9%
Total	96,146,367	10,705,835	109.53	1,172,605,667	11,305,180	78.00	881,819,841	87.30	290,785,826	11.8%

Consumption is measured separately, as the hourly average power summed over the month — not by adding up readings, since sources publish at different rates. The last column puts imports next to it for scale; it is not a dependency figure, because part of what enters passes straight through to another neighbour.

Where the difference comes from

290,785,826 € for 599,346 MWh that stayed in the country works out at 485.17 € per megawatt-hour, in a month that averaged 87.30.

Energy that stayed, at the month's average price 52,321,902 -18.0%
What came in arrived above that average −105,104,025 36.1%
What went out left below it −238,003,702 81.8%

The first line is energy the country needed and got. The other two — 343,107,728 € together — come not from how much moved but from when: cheap hours to sell in, expensive hours to buy in. That is the price of a timing mismatch, not a loss.

Official validation

The measured physical flow, checked against ANRE's published commercial trade.

Month	Physical net, MWh	Commercial net, MWh	Difference, MWh	Status
January	—	—	—	AWAITING OFFICIAL ANRE DATA
February	—	—	—	AWAITING OFFICIAL ANRE DATA
March	—	—	—	AWAITING OFFICIAL ANRE DATA
April	—	—	—	AWAITING OFFICIAL ANRE DATA
May	—	—	—	AWAITING OFFICIAL ANRE DATA
June	—	—	—	AWAITING OFFICIAL ANRE DATA
July	—	—	—	AWAITING OFFICIAL ANRE DATA
August	—	—	—	AWAITING OFFICIAL ANRE DATA
September	—	—	—	AWAITING OFFICIAL ANRE DATA

Gross volumes differ by design: the official indicators include transits, and a transit is counted once entering and once leaving, while a physical border sees it only once. Net figures converge, because transits cancel out — which is why the comparison is made on the net.

The percentage relates the difference to the month's commercial net. In a month with a small net, the same difference in MWh yields a larger percentage — which is why the difference is always shown in MWh as well.

ANRE publishes these exchanges as a physical balance in GWh. It publishes no import or export value and no average price per direction, so no money comparison is possible.

Physical cross-border flows and commercial electricity trades measure different phenomena. ANRE data is shown as an independent official benchmark and should not be interpreted as an exact reconciliation.