On Friday, electricity was more than 50 times more expensive in Oslo than in Stockholm

ElectricityPhoto: Thomas Despeyroux / Unsplash
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Stockholm has had cheaper electricity than Oslo in the past year. On Friday, electricity was almost free for Swedish consumers.

On Friday, electricity was more than 50 times more expensive in Oslo than in Stockholm. The electricity price was 3 øre per kilowatt hour (kWh) in Stockholm. At the same time, it cost NOK 1.63 in the price areas Oslo and Bergen, the newspaper Nationen writes.

Analyst Lene Hagen in Volue Insight points to two main reasons for the huge price differences.

“The Swedes have good transmission capacity between the north and south. In addition, they have a lot of wind power, which pushes the price down,” she said.

Norway’s neighbors in the east have had cheaper electricity than Southern Norway almost every month since July 2021. The exception is December, when electricity was 0.16 øre less expensive in Oslo than in Stockholm.

So far in 2022, Swedes have had cheaper electricity than Norwegians every single week.

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

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