Estimates: The Norwegian state will get an extra 70 billion kroner in income due to high electricity prices this year
The government's extra income as a result of the high electricity prices is far higher than previously estimated, figures from Energi Norge show.
The government’s extra income as a result of the high electricity prices is far higher than previously estimated, figures from Energi Norge show.
“We have made new estimates. They show that the state will have extraordinary income, beyond normal years, from hydropower, of NOK 70 billion in 2022,” Energi Norge’s managing director, Knut Kroepelien, told Norwegian Broadcasting (NRK).
The total of NOK 73 billion in extra profit is divided between NOK 56 billion in tax, NOK 3 billion in value-added tax, and NOK 14 billion in dividends to the owner.
“70 billion shows that we can cover the electricity support scheme for households and the business support scheme. In addition, we have the opportunity to finance other welfare benefits for the community. So this is good news for Norway,” Kroepelien said.
The government estimates that this year the state will spend NOK 41 billion on electricity subsidies for households. The support scheme for businesses has a limit of NOK 3 billion this year.
Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews
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