Nearly four out of ten Norwegians must cut spending in order to be able to pay electricity bills

Many people in Norway have to cut on spending to be able to pay their electricity bills, according to a new Kantar survey. 

In Kantar’s survey for the fourth quarter, 38% of respondents answered that they had to cut back on other spending items. 

7% also answered that they need financial help to pay the bills, Norwegian Broadcasting (NRK) reports.

“Many consumers are desperate now,” department head Eva Fosby Livgard in Kantar stated.

Younger Norwegians are particularly affected, according to Livgard.

Students

“In recent weeks, we have heard about students who have to reduce their comfort (level) – turn down the indoor temperature, shower outside their home, and be careful with cooking,” she said, adding that the age group from 30 to 45 years is also particularly affected.

The Kantar survey was conducted from November 25 to December 8 – before the government introduced its latest electricity support package.

On Monday, a record will be set for both the hourly and daily price of electricity in Southern Norway. The average price per kilowatt-hour on Monday will be NOK 3.11 in Southern Norway. Between 6 PM and 7 PM, the price will amount to NOK 4.59 per kilowatt-hour.

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

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