Investor Presentaiton
Market pricing principle applied to internal
contracts
Based on external price references
Sourcing side
TWh
Revenue side
TWh
•
•
Market pricing
Duration varies
•
Different
indexation
parameters
Long-term
contract
9.4
(7-11) 1)
• Market pricing
Fixed annual
pricing
adjustments
8-104)
Normal production
Sourcing on long-term contracts
Spot price
0-33)
1
16-182)
Mainly Back-to-back
Norway post 2020
1) Depending on the precipitation level, hydropower production may vary from 7 TWh in a dry year to 11 TWh in a wet year
2) Consumption in AM at current production levels and at full installed capacity
3) Net spot sales vary depending on the power production level and internal consumption in AM
4) Depending on status of sourcing
Regulated
price
Net spot sales
Concession power
Consumption in Aluminum Metal
Hydro
82
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