“We say that enough is enough, this is the limit. We are doing this to change Norwegian electricity policy and create a dynamic where we can take steps that can give us lower and stable electricity prices in Norway, and that we should not give up more power to the EU,” said Vedum.
The Labour Party said it is possible to introduce parts of the package without affecting Norway’s sovereignty.
Since the discovery of North Sea oil in 1969, Norway’s abundant energy resources have been the cornerstone of the country’s transformation into one of Europe’s wealthiest nations.
The Norwegian government has played a central role in managing this wealth. It holds a 67 percent majority stake in Equinor, the national oil company, which generates significant profits during periods of high prices, boosting government dividends.
