Norwegian government and SV reach agreement on raising the electricity subsidy from 55 to 80%

The Norwegian government and the Socialist Left Party (SV) have reached an agreement on raising the electricity subsidy.

From January, the compensation level will increase from 55 to 80% of the costs over 70 øre per kilowatt-hour in a month.

The Labor Party states that there have been no changes in the actual power support proposal from the government after negotiations with the SV.

The SV has previously demanded more support for the vulnerable groups, and this is still being negotiated in the Finance Committee in the Norwegian parliament (Storting).

“The Labor Party and the Center Party are very pleased that there is a majority in favor of the government’s upward adjustment of the electricity subsidy. 

“The situation related to the extraordinarily high electricity prices affects many people. Our goal is that Norwegian households have access to affordable electricity,” the energy and environmental policy spokespersons Terje Aasland (AP) and Ole André Myhrvold (SP) noted in a statement.

The most important measures in the new package are summarized as follows by the parties:

• Support share of 55% in December and 80% in January, February, and March.
• Reduced electricity tax: NOK 2.9 billion.
• Increased housing benefit: NOK 1.2 billion.
• Increased support for students: NOK 196 million.
• Increased support to the municipalities for additional expenses for financial social assistance: NOK 400 million.
• Support to Enøk measures through Enova: NOK 100 million.

Source : NTB Scanpix / #Norway Today / #NorwayTodayNews

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