Energi Norge believes the state should compensate consumers for high electricity prices

Electric - electricityPhoto: Антон Дмитриев / Unsplash
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The organization Energi Norge believes that the state should repay a significant part of its profit on the high electricity prices back to consumers.

According to the organization, the state is expected to earn around NOK 11 billion more than normal from the extraordinarily high electricity prices this year in the form of taxes, fees, and dividends from the power companies.

Calculations show that municipalities with electricity revenues can expect NOK 4 billion more in revenues than normal – or NOK 9 billion more than in 2020.

“Many people find the high electricity prices very demanding. We believe it is absolutely necessary that the state now contributes with a cash transfer to consumers, in addition to increased housing support and reduction of the electricity tax,” CEO Knut Kroepelien in Energi Norge stated in a press release.

According to Energi Norge’s calculations, a household in Norway with an average consumption of 16,000 kilowatt-hours per year will pay around NOK 12,000 more for electricity this year compared with the record-breaking year 2020 or NOK 6,000 more than in a normal year.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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