Vattenfall and Bane NOR sign electricity hedging agreement
Vattenfall and Bane NOR, a state-owned company responsible for the Norwegian national railway infrastructure, have signed a five-year agreement that hedges parts of Bane NOR’s electricity consumption in Norway.Starting on January 1[st], 2021, the agreement entails price fixing of Bane NOR’s electricity consumption in Norway. The contracted volume of the hedging agreement is 1.1 TWh.
“The contract with Bane NOR is an important step in Vattenfall’s expansion of customer base in Norway, and it emphasizes our ambition to further grow our activities in the Nordic market,” says Johan Hagsten,
