The Nordic Energy Trilemma – Security of Supply, Prices and Just Transition
The report “The Nordic Energy Trilemma – Security of Supply, Prices and Just Transition” reviews factors that drove the most severe energy crisis in recent memory, with an emphasis on electricity markets, the preparedness of the Nordic countries, and how they responded. Risks to the Nordic energy transition are identified, and measures in place to mitigate these risks are assessed. Where no such measures exist, actions are proposed to address the gaps. The recommendations herein define national, Nordic, and international actions to increase energy security and emergency preparedness, such that our societies are ready for the energy crises of the future.