Increasing annual profit
Energy and manufacturing
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Electricity, annual figures2004

As from December 2015 the statistics is published with Electricity.



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Increasing annual profit

The annual profit in the power industry rose by 6.5 per cent and amounted to 11.3 billion NOK in 2004. The operating profit margin in the power industry increased with 1.7 per cent from 2003 to 2004, while the return on total assets and return on equity for the power industry fell by 0.6 per cent.

Income statment for enterprises in electricity supply, 1998-NOK.

The operating profit margin gives the ratio between the operating profit and the operating income. The operating profit margin rose by 1.7 per cent and was NOK 17.6 billion for the power industry in 2004. The operating profit was NOK 20.6 billion. This represents a rise of 5.1 per cent compared to 2003. The operating profit for the production plants amounted to NOK 11,4 billion and had an operating profit margin of 49.4 per cent. This is 4.9 per cent higher than in 2003. Wholesale plants had an operating profit margin of 15.4 per cent and an operating profit of NOK 2.4 billion.

The gross value of production increased with 3.2 per cent from the previous year and was NOK 50.8 billion in 2004. The return on total assets and return on equity for the power industry was 7.5 and 7.6 per cent.

Investments in the power industry fell by 7.1 per cent compared to 2003 and was NOK 5.3 billion. While investments in hydro-electric power stations had a marked fall from 2003 to 2004, investments in both wind power plants and transmission systems increased.

In 2004 there were 12 012 persons employed in the power industry, 0.9 per cent fewer than in 2003. There were 642 hydro-electric power stations, 19 thermal power stations and 12 wind power stations.

Key figures for enterprises in electricity supply. 2004 Per cent

Iacquisition of fixed assets, 1998-NOK.

Fall in power price

The total price for private households went from NOK 0.713/kWh in 2003 down to NOK 0.632/kWh in 2004, VAT not included. This represents a fall of 11.4 per cent.

While the price of electric energy was NOK 0.371 /kWh in 2003 it fell to NOK 0.277/kWh in 2004. The tariff on distribution rose from NOK 0.249/kWh to NOK 0,262/kWh.

Potential, developed and permanently protected watercourses

High import of power

There was a rise of 3 per cent in production of power from 2003to 2004. The total production of power amounted to 110.5 TWh. While Norway in 2002 exported 9 711 GWh, there was a net import of power in both 2003 and 2004. Net import of power in 2004 amounted to 11 492 GWh.

Higher consumption of power

From 2003 to 2004 there was an increase in consumption of power of 5.1 per cent and total net consumption was 109.6 TWh. Consumption in households went up by 1.3 per cent, while consumption in cottages and holiday houses fell by 1.9 per cent. The energy intensive industry increased its consumption of energy with 10.3 per cent and amounted to 35 142 GWh. Transport and communication industry had a reduction in consumption on 21.5 per cent, while the consumption in paper and paper products rose by 2.6 per cent.