Higher electricity prices for households

PowerlinePowerline. Photo Norway Today Media

The average price of electricity for households in the second quarter of 2016, excluding taxes and grid rent, was 28.8 øre per kWh. This is 11 per cent higher compared to the same quarter in 2015.

The overall average price of electricity for households, including grid rent and taxes, amounted to 88.4 øre per kWh in the second quarter. This is 9.1 per cent higher compared to the same quarter in 2015. The grid rent and taxes came to 27.3 and 32.3 øre per kWh respectively.
Variable price contracts most expensive
Electricity for households tied to variable price contracts amounted to 32.2 øre per kWh, excluding grid rent and taxes, while the price of spot price contracts amounted to 27.4 øre per kWh. Households tied to new fixed-price contracts lasting one year or less paid 26.8 øre per kWh on average. New fixed-price contracts lasting one year or more totalled 28 øre per kWh. Other fixed-price contracts amounted to 30.7 øre per kWh.
Higher electricity prices for the service industry and manufacturing
The average price of electricity in the service industry was 25.9 øre per kWh, excluding taxes and grid rent, in the second quarter of 2016. This is 10 per cent lower than the price one year ago. In manufacturing excl. energy-intensive manufacturing, the average price amounted to 26 øre per kWh. This is 17 per cent lower compared to the same period last year.
Increased prices for energy-intensive manufacturing
For energy-intensive manufacturing, the average price of electricity was 30.7 øre per kWh in the second quarter, excluding taxes and grid rent. This is 2 per cent higher compared to the second quarter in 2015. A large part of the electricity used in energy-intensive manufacturing is purchased through fixed-price contracts.
Source: SSB / Norway Today

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