This is an archived release.
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.
|2013 - 2014|
|Production, total||141 968||100.0||6.0|
|Hydro power production||136 181||95.9||5.8|
|Thermal power production||3 570||2.5||5.2|
|Wind power production||2 217||1.6||17.9|
|Gross consumption||126 383||-2.0|
|Pump storage use and other own consumption||1 689||20.1|
|Loss and statistical difference||7 637||-4.8|
|Net consumption||117 057||100.0||-2.1|
|Mining and manufacturing etc.||52 414||44.8||0.9|
|Services etc.||25 760||22.0||-3.3|
|Private households and agriculture||38 882||33.2||-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).