Definition
A kraftprodusent (power producer) is a party that owns and operates power generation facilities - hydropowerElectricity produced from the potential energy of falling water - Norway's dominant energy source (~90% of production) with a unique ability to ramp up and down quickly. plants, wind farms, solar parks or thermal power stations. In Norway, hydropower dominates (approximately 90% of production) and StatkraftNorway's and Europe's largest producer of renewable energy - state-owned company with hydropower at its core. is the largest producer. Power producers sell power in the spot market (Nord PoolNordic electricity exchange where power is traded in the wholesale market - the basis for electricity prices in Norway and the Nordic region.), through bilateralMessages travel directly between two parties, without passing through a shared hub. The opposite of the centralised model Elhub is built on. Also called point-to-point. contracts or to a BRPBalance Responsible Party - actor responsible for balancing production and consumption in its portfolio against the system operator. portfolio. Producers hold a licence from NVENorway's Directorate of Water Resources and Energy - regulates the electricity and water resources sectors. and are subject to network codes and system requirements from the TSOTransmission System Operator - responsible for operation and balance of the transmission grid at national level.. With the growth of distributed generation (solar, wind), the group of small power producers is expanding.