Decrease in operating profit
Energy and manufacturing
elektrisitet, Electricity, Power stations, electricity generation, electricity consumption, energy consumption, power production, hydro power, thermal power, wind power, power-intensive manufacturing, general supply, pumped-storage Power, grid rentEnergy , Energy and manufacturing, Energy and manufacturing
The annual electricity statistics give an overview of economic key figures of the power market and follow the development in supply and use of electricity.




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Decrease in operating profit

The operating profit in the power industry came to NOK 26.4 billion kroner in 2014; a decline of 10 per cent compared with 2013. This may be seen in conjunction with lower electricity prices in 2014.

Electricity balance (GWh)
2014SharePer cent
2013 - 2014
Production, total141 968100.06.0
Hydro power production136 18195.95.8
Thermal power production3 5702.55.2
Wind power production2 2171.617.9
Imports6 347-37.4
Exports21 93244.9
Gross consumption126 383-2.0
Pump storage use and other own consumption1 68920.1
Loss and statistical difference7 637-4.8
Net consumption117 057100.0-2.1
Mining and manufacturing etc.52 41444.80.9
Services etc.25 76022.0-3.3
Private households and agriculture38 88233.2-5.1

Production plants had the highest operating profit in 2014, with NOK 20.4 billion. The operating profit of grid companies amounted to NOK 2.9 billion, while the operating profit of remaining plants totalled NOK 3.1 billion.

Annual profit in the power industry came to NOK 14 billion in 2014. This is 1 per cent less compared with 2013.

Small rise in gross investments

The gross investments in the power industry rose from NOK 19.1 billion in 2013 to NOK 19.2 billion in 2014. Gross investments in hydro power plants came to NOK 4.1 billion, while gross Investments in thermal power plants and wind power plants were NOK 207 and 279 million respectively. Investments in central grid systems, regional grid systems and local grid systems were NOK 3.9, 2.1 and 4.2 billion respectively in 2014.

Higher electricity generation

Electricity generation totalled 142.0 TWh in 2014; an increase of 6 per cent compared with 2013. Norway’s exports of power came to 21.9 TWh in 2014, while imports totalled 6.3 TWh. This gave a net export of 15.6 TWh.

Decline in electricity consumption

There was a reduction of 2.1 per cent in total net electricity consumption from 2013 to 2014, and the consumption totalled 117.1 TWh. Household and agriculture accounted for roughly a third of the total electricity consumption. Other industries with a high share are power-intensive manufacturing (30 per cent) and services (21 per cent).