Maximum price of NOK 1.72 per kWh for electricity on Monday

Maximum price of NOK 1.72 per kWh for electricity on Monday

In south-east Norway, the price will be NOK 1.078 per kWh at its highest, in central Norway it will be 11.9 øre, in northern Norway it will be 21.5 øre, and in western Norway it will be 34.9 øre, figures show from hvakosterstrommen.no.

If you disregard the electricity subsidy, but include value added tax (25 per cent), consumption tax (16.44 øre per kWh) and tax to Enova (1 øre per kWh), the country’s highest maximum price would be NOK 2.37. 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 Monday will be between 4 and 5 pm in central Norway, then at -0.4 øre. The price per kWh is at its lowest in South-East Norway 13.8 øre, South-West Norway 48.06 øre, Northern Norway 4.05 øre and Western Norway 10.7 øre.

On Saturday, the maximum and minimum prices in the country were respectively 49.4 øre per kWh and 2.8 øre per kWh. On the same day last year, it was 59.7 øre per kWh and 12.07 øre per kWh.

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

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