Norway’s National Federation of House Owners wants higher electricity subsidies

ElectricityPhoto: Thomas Despeyroux / Unsplash

The National Federation of House Owners in Norway wants the electricity subsidy to kick in from prices of 50 øre per kilowatt-hour rather than the current 70 øre.

“Today’s electricity support scheme is actually quite well designed, but it kicks in at too high a price level. 

“We believe it should cover 100% of expenses when spot prices are above 50 øre,” general secretary Morten Andreas Meyer of the Association told Norwegian Broadcasting (NRK).

Today, the state’s electricity subsidy scheme covers 80% of the bill above 70 øre per kilowatt hour.

“Therefore, we are skeptical about changing the threshold to 50 øre, as it would result in a significant increase in government spending,” State Secretary Elisabeth Sæther (AP) in the Ministry of Oil and Energy replied.

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

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