Maximum price of 89.5 øre per kWh for electricity on Saturday

Maximum price of 89.5 øre per kWh for electricity on Saturday

In south-east Norway the price will be 53.3 øre per kWh at its highest, in central Norway it will be 8.2 øre, in northern Norway it will be 5.5 øre, and in western Norway it will be 11.2 øre, shows numbers from hvakosterstrommen.no.

If you ignore the electricity subsidy, but include value added tax (25 per cent), consumption tax (16.44 øre per kWh) and tax for Enova (1 øre per kWh), the country’s highest maximum price would be NOK 1.33. In Northern Norway, there is no VAT on electricity for households, and in Finnmark and Northern Troms, households and public administration also do not have to pay the consumption tax.

One kilowatt hour corresponds to electricity consumption of one kilowatt over one hour. A ten-minute shower uses an average of around 4.5 kWh, but this depends on the temperature and how much water the shower head delivers.

The lowest kWh price on Saturday will be between 1 and 2 am in northern Norway, then at -0.2 øre. The price per kWh is at its lowest in South-East Norway 2.6 øre, South-West Norway 41.7 øre, Central Norway 0.5 øre and Western Norway 3.02 øre.

On Thursday, the maximum and minimum prices in the country were respectively 28.2 øre per kWh and -0.01 øre per kWh. On the same day last year, it was 90.1 øre per kWh and 18.2 øre per kWh.

The electricity subsidy covers 90 per cent of the price above 73 øre, hour by hour.

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