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Statistics Norway: New electricity price record registered in the first quarter

Photo: Nikola Johnny Mirkovic / Unsplash

Norwegian households paid an average of 117.2 øre/kWh for electricity in the first quarter of 2022. That is a new electricity price record.

The price excludes fees and grid rent, Statistics Norway (SSB) noted. After deducting the electricity subsidy, the total price households had to pay was significantly lower than in the fourth quarter of 2021.

The price for the first quarter amounted to 75 øre/kWh more than the average for the same period in the last five years.

In the last five years, the average price has been a little over 40 øre/kWh in the first quarter. In the first quarter of the year, the price was almost three times as high. 

“This is the highest electricity price we have measured since the measurement started in 1998,” Thomas Aanensen at Statistics Norway warned.

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

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