Water availability is critical for energy production, commodity prices, industry, and food production. Having an accurate understanding of water resources is paramount when conducting business in these fields.
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Norway is known as the battery of Europe, so understanding the snow situation is paramount in price forecasting. Accurately predicting the price developments in the Nordic Power Market is difficult.
The best possible knowledge of available water in the power system is needed to calculate the price trend in the electricity market on the short and longer term. For price