Energy

The household electricity price in 2023 was about 5,1 per cent lower compared to 2022. Still the average electricity price of 2023 was the second highest value recorded in these statistics.

The household electricity price in July, August and September was about 20 per cent lower compared both to the last quarter and the third quarter in 2022. Last time the price was that low was in the fourth quarter of 2020.

The household electricity price remained almost unchanged in the second quarter of 2023, and the price is still well above the historical average for the quarter.

The price of electricity in first quarter of 2023 was 11 per cent lower compared to the previous quarter. Still, the price was very high compared to the historical average.

The price of electricity for households including grid rent and taxes, but before electricity support is deducted, was record high on average in 2022. Because of the electricity support for households, introduced by the government in December 2021, there was only a 6 per cent increase in the price paid by households compared to 2021.

The price of electricity for households including grid rent and taxes, but before electricity support is deducted, was a record high 317,6 øre per kWh on average in the third quarter of 2022. Because of the electricity support for households, introduced by the government in December 2021, there was only a small increase in the price paid by households compared to the previous quarter.

During the winter of 2021-2022, power prices in the southern parts of Norway increased significantly. To compensate electricity customers for the high electricity prices, the government introduced an electricity subsidy scheme for households and for the agricultural sector.

This report describes the characteristics of, and calculates the electricity production from, Norwegian households that are registered as prosumers, i.e., customers who can produce electricity and who supply surplus electricity production back to the electricity grid.

The average price of electricity for households, excluding taxes and grid rent, was 76.3 øre per kWh in the third quarter of 2021. This is more than twice as high compared to the average price in third quarter the last five years.

The average price of electricity for households, excluding taxes and grid rent, was 50.9 øre per kWh in the second quarter of 2021. This is more than three times as high compared to the second quarter of 2020 when the price was record low.