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Statistics Norway – official statistics about Norwegian society since 1876

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Lower electricity price for households

The average price of electricity for households, excluding taxes and grid rent, was 45.6 øre per kWh in the second quarter of 2019. That’s nearly 10 øre lower than the three previous quarters when the electricity price was record high. Compared to the second quarter of 2018 the electricity price was up 2 per cent.

Strong investment increase in 2019

The companies’ latest investment estimates for 2019 indicate a strong growth within oil and gas, manufacturing, mining and quarrying and electricity supply. For 2020, the estimates suggest a more moderate increase.

Strong growth in oil investments for 2019

Total investments in oil and gas activity in 2019, including pipeline transportation, are estimated at NOK 181.7 billion. Although the estimate is a minor downward adjustment from the previous quarter, the estimate indicates a 16 per cent investment growth from the previous year.

Good results for banks

Norwegian banks profit amounted to NOK 31.6 billion in the first half of 2019. Net interest income increased with NOK 3.9 billion, compared with the same period in 2018.