Electricity prices, Q2 2010

The average price of electric energy for households was 45.5 øre/kWh, excluding grid rent and taxes, in the middle of the second quarter of 2010. The overall average price of electricity for households, including grid rent and taxes, amounted to 102.1 øre/kWh in the second quarter. The grid rent and taxes came to 27.6 and 29 øre/kWh respectively. Compared to the second quarter last year the overall price of electricity for households increased 23 per cent.

The increase in the price of electricity can be viewed in conjunction with a low reservoir level in the second quarter. In week 18 the reservoir level was 23.2 per cent. This is 12.5 percentage points lower than the same period last year and 11 percentage points below the median level.

Spot contracts less expensive than variable price contracts

Households tied to spot price contracts paid 40.5 øre/kWh on average, including grid rent and taxes, in the second quarter of 2010, while the price of variable price contracts amounted to 53 øre/kWh. Fixed-price contracts and other fixed-price contracts totalled 38.8 and 40.1 øre per kWh respectively.

Higher electricity prices for service industry and manufacturing excl. energy-intensive manufacturing and pulp and paper industry

The average price of electricity in the service industry was 41.6 øre per kWh, excluding taxes and grid rent, in the middle of the second quarter. This is 27 per cent higher compared to the same quarter one year ago.

In manufacturing excl. energy-intensive manufacturing and the pulp and paper industry the average price in the second quarter amounted to 32.5 øre per kWh. This is 13 per cent higher compared to the same quarter in 2009.

Slight decrease in electricity prices for energy-intensive manufacturing and the pulp and paper industry

For energy-intensive manufacturing and the pulp and paper industry, the average price of electricity was 20.6 øre per kWh in the second quarter, excluding taxes and grid rent. This is 2.9 per cent lower than one year ago.

The measuring period for the second quarter of 2010 was week 18. The average elspot price for the entire quarter was a few øre/kWh less than the elspot price in the measuring period.

See also

http://www.ssb.no/energi_en/

Tables:

• Table 1 Electricity prices in the end-user market, quarterly. Exclusive VAT. øre/kWh
• Table 2 Electricity prices and grid rent for households, quarterly.
• Table 3 Range of electricity prices in end-user market and distribution of sold quantity in the sample
• Table 4 Time series covering quarterly and yearly prices of electric energy, taxes excluded. øre/kWh
• Table 5 Time series covering quarterly and yearly prices of electric energy for households, taxes included. øre/kWh
• Table 6 Electricity prices in the wholesale market, quarterly. øre/kWh
• Table 7 Time series covering quarterly and yearly prices of electric energy in the whole sale market, taxes excluded. øre/kWh