Norwegian municipalities are reporting record revenues due to high electricity prices

ElectricityPhoto: Casey Horner / Unsplash

New figures from Statistics Norway (SSB) show that the revenues of Norwegian municipalities from licensed power increased by 50% in 2021, new figures from Statistics Norway (SSB) show. Never before has the municipal sector had such large revenues.

The preliminary figures for the municipalities and counties show a total income from licensed power and power rights of more than NOK 3.3 billion, which is NOK 1.1 billion more than in 2020. Net income after costs ended up at NOK 2.6 billion.

Revenues last year are also almost NOK 700 million higher than in 2019, which has been a record year so far, writes Europower.

Almost NOK 1.2 billion – over a third of the total income – went to Vestland County Municipality and the municipalities in the county – Ullensvang was the municipality with the highest income.

Apart from Oslo, which does not have licensed power revenues, the municipalities in Møre og Romsdal had the lowest revenues from licensed power last year.

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

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