Professor warns against increased prices as a result of electricity support for Norwegian businesses

ElectricityPhoto: Thomas Despeyroux / Unsplash
Advertisements

The Norwegian government is open to covering more of the electricity bill when it comes to businesses. But cheaper electricity for businesses will increase the risk of energy rationing, economics professor Niels-Henrik von der Fehr believes.

“The only way to get through this is to reduce consumption among businesses and consumers,” professor Niels-Henrik von der Fehr at UiO told Norwegian Broadcasting (NRK).

On Wednesday, Prime Minister Jonas Gahr Støre (AP) said that he would look into several possible support schemes for small and medium-sized enterprises in Norway. That could become a problem in times of a shortage of electricity in Europe, von der Fehr believes.

“This means that electricity consumption will be greater than it would otherwise be if you had to pay the full price. In the worst case, it could mean that there will be rationing in the winter because we won’t save as much as we should when there is a shortage of electricity,” he said.

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

Do you have a news tip for Norway Today? We want to hear it. Get in touch at info@norwaytoday.no

Advertisements

Be the first to comment on "Professor warns against increased prices as a result of electricity support for Norwegian businesses"

Leave a comment

Your email address will not be published.


*