Norway’s Finance Minister Vedum wants a better system for fixed prices for electricity

Photo: Terje Pedersen / NTB

 Minister of Finance Trygve Slagsvold Vedum (SP) says they are working to ensure that Norwegians receive a better offer of a fixed price for electricity through 2022. 

On Thursday, he told the newspaper VG that it a solution could be to lower the risk for the electricity companies to offer good fixed price agreements. 

“Together with the companies, we will see if schemes can be established that can provide greater predictability and prevent price peaks for Norwegian consumers. One possibility could be a fixed price system, which allows people to hedge against large price increases,” Vedum told VG.

He believes that the state should first and foremost contribute with rules and through the tax system, not with direct subsidies. He also notes that there may be new cuts in electricity taxes.

“We have reduced the taxes on electricity and must consider reducing them even more,” Vedum said.

“For the Labor Party and the Center Party, it is a goal to prevent people from ending up in demanding situations with too high electricity prices again,” he added.

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

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