Definition
Statnett SF is the state-owned company that serves as system operator (TSOTransmission System Operator - responsible for operation and balance of the transmission grid at national level.) for the Norwegian power system. Statnett owns and operates the transmission system and is responsible for power balanceBalance between power production and consumption in the grid at all times - system operator's core responsibility. in real time. In addition, Statnett operates ElhubNational hub for metering data and market processes in the Norwegian electricity market., the central data hub for the Norwegian power market. Statnett is regulated by NVENorway's Directorate of Water Resources and Energy - regulates the electricity and water resources sectors. and coordinates with the Nordic system operators.