Low investment in power industry
Energy and manufacturing
elektrisitetaar, Electricity, annual figures, electricity production, electricity consumption, hydro electric, thermal power, wind power, power-intensive manufacturing, electricity prices, power company, power stations, electricity plant, profit and loss account, operational accounts, employees, electric supply mains, transformers, import, exportEnergy , Energy and manufacturing, Energy and manufacturing

Electricity, annual figures2000

As from December 2015 the statistics is published with Electricity.



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Low investment in power industry

The gross investment in the power industry was NOK 3.9 billion in 2000. This is down 18.7 per cent compared with 1999, and also low in a historical perspective.

The investments in production plants were NOK 834 million in 2000. This is down 37.9 per cent compared with the investments in 1999. Preliminary figures for 2001 and 2002 indicate an upward adjustment. The low investments in the expansion of the production capacity may be seen in connection with - on average - low prices of electric energy. Investments in the central grid system went down 60 per cent compared with 1999, while the regional and the local grid system increased by 7.5 per dent. The fall in investments in the central grid system is among other factors due to the postponement of planned transmission cables to the Netherlands, England and Germany.

Acquisition of fixes assets.  Million NOK. 1998 NOK. 1973-2000.

Record high production

The production was 142,3 TWh in the water-based production of electric energy in 2000. This is 16.2 per cent more than the previous record in 1995, and 20.6 per cent more than the production in a normal year. This is close to the maximum of capable production of electric energy in the Norwegian water-based production. In comparison the production in the dry year 1996 was 105 TWh. The high production can be seen in connection with the high trickle of water this year. The production from thermal power stations was 450 GWh, and wind power contributed 31 GWh. Hydroelectric power represented 99.6 per cent of the total production of 143 TWh. The net export of 19.2 TWh is the highest ever recorded.

No change in net consumption

Net consumption was 110.9 TWh in 2000. This is up 0.4 per cent from 1999 and 1998. Norway is among the highest consumers of electric energy in the world. There are several reasons for this high consumption. Other economies have a different combination of energy use that includes oil, gas and district heating. The Norwegian energy use is slightly above the average of the OECD-economies. In production of paper and paper products the consumption increased by 15.2 per cent from 1999. Expensive oil in 2000 contributed to a substitution to more use of electric energy in this sector. Private households had a decrease of 1.3 per cent to 36.7 TWh in 2000. Warm weather in 2000 may explain this decrease in consumption. The consumption in power-intensive manufacturing rose by 0.7 per cent to 33 TWh.

Prices down

The price of electric energy decreased by 12.5 per cent to 13.3 øre/kWh in 2000. The tariff on distribution in total did not change and was 16.6 øre/kWh. With energy tax included the price in total was 34.4 øre/kWh. This is down 6.3 per cent compared with the price in 1999. The energy tax rose from 5.94 to 8.56 øre/kWh in 2000. The total price for private households rose from 40.5 øre/kwh in 1999 to 42.2 øre/kWh in 2000, VAT not included. It is mainly the increase in the energy tax that led to higher prices for private households.

Record high results

The operating results have been stable recent years, but the power sector received impetus in 2000 concerning the operating results. The operating result of NOK 11.6 billion is 10.6 per cent more than in 1999. Production plants and high-integrated plants clearly improved, while wholesale plants, distribution plants and other plants experienced a decrease in the operating results. This may indicate that the economic profit of the high precipitation in 2000 is related to the production of electric energy. The annual profit rose by 17.7 per cent to NOK 6.7 billion in 2000, of which NOK 3.7 billion are proposed dividends.