Electricity prices have gone down

Electricity Price Outage PowerElectricity, Photo: Pixabay.com

After very high electricity prices in the previous three quarters, the price has now fallen in the second quarter. Compared to the second quarter of 2018, the price has gone up 2 percent.

The average electricity price for households, excluding taxes and grid rent, was 45.6 øre / kWh in the second quarter of 2019, according to Statistics Norway.

This is close to 10 øre per kilowatt hour (kWh) lower than the previous three quarters. Warehouse filling in Norway has picked up during the quarter, according to NVE’s July quarterly report.

Including fees and grid rent, the total electricity price for households averaged 112.6 øre / kWh in the second quarter. This is an increase of 2.1 percent compared to the same quarter of 2018, but almost 10 percent lower than the previous quarter.

Of the total electricity price, the electricity price accounted for 40.5 percent, the grid rent 27 percent and the electricity charges the remaining 32.5 percent.

Households with variable price contracts had the most expensive flow in the second quarter. The average electricity price was 52.3 øre / kWh, without fees and mains rent.

Households with spot price, the most common type of contract, had an average electricity price of SEK 43.8 / kWh.

© NTB Scanpix / #Norway Today

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