Source:
https://www.zerohedge.com/commodities/norways-race-electrify-economy-sends-power-use-record-high
"Norway's push to become the first fully electric society by 2050 has resulted in the country's government ministers recently announcing the sales of combustion engine cars will be phased out by 2025.
The Scandinavian country, home to five million people, has been the world leader in the adoption of electric vehicles.
There are more than 10,000 charging stations throughout the country.
... between 8 a.m. and 9 a.m on Thursday morning, Norwegian consumers used 25,146-megawatt-hours (MWh), or the same amount of power as its neighbor Sweden who has twice as many residents.
The spike in energy demand (mainly from electric cars and 85% of all indoor spaces powered by electric heat) is due to an ongoing cold spell, outpacing domestic production.
... "A larger and larger share of the energy consumption is being used as electricity," Irene Meldal, head of communications at Statnett (power grid manager), said.
"More than half of the energy Norwegians use is already in the form of (electric) power."
... BofA's equity strategist Haim Israel shows Norway expects to become a net-zero emissions country by 2050.
... increased energy usage means the country must continue building out its infrastructure to handle higher baseload to prevent blackouts.
It expects (electric) energy consumption to increase by 30% by 2040."