Rise in annual profit for power industry
Energy and manufacturing
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Electricity, annual figures2005

As from December 2015 the statistics is published with Electricity.



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Rise in annual profit for power industry

The annual profit in the power industry came to NOK 13.3 billion in 2005, an increase of 18.3 per cent compared with 2004. Return on total assets and return on equity amounted to 9.8 per cent and 10.9 per cent respectively, an improvement of 2.3 and 3.3 percentage points from 2004.

Income statement for enterprises in electricity supply. NOK million 1998

Key figures for enterprises in electricity supply. 2005. Per cent

The operating profit margin is defined as operating profit divided by operating income. The operating profit margin rose by 2.0 percentage points from 2004 to 2005 for the whole power industry. The operating profit was NOK 24.9 billion, an increase of 24.0 per cent from 2004. As in previous years, the production plants had the highest operating profit. The operating profit of the production plants came to NOK 15.5 billion, while the operating profit margin was 55.0 per cent.

Wholesale plants had an operating profit of NOK 3.0 billion, which gave an operating profit margin of 18.4 per cent. This is 3.0 percentage points more than in 2004.

Gross investments in the power industry rose by 31.4 per cent compared with 2004 and came to NOK 7.5 billion in 2005. Investments in water power plants, hydro-electric power stations and wind power plants were NOK 802 million, NOK 2374 million and NOK 636 million respectively, compared with NOK 150 million, NOK 1074 million and NOK 540 million in 2004.

Acquisition of fixed assets. NOK million 1998

Potential, developed and permanently protected watercourses

High power production

The production of power came to 137.8 TWh in 2005, which is 24.7 per cent more than in 2004. In the period 1989-2004, Norway only had a higher power production in 2000. The large rainfall and high flow of water to the Norwegian reservoirs contributed to the high production. While Norway had net imports of electricity in 2003 and 2004, it had net exports of 12.0 TWh in 2005.

Higher consumption of electricity

The consumption of electricity rose by 2.0 per cent from 2004 to 2005, and total net consumption came to 111.8 TWh. High economic growth in 2005 may have influenced the increase in consumption, since increased production of goods and services requires more energy. Consumption by households amounted to 32.8 TWh in 2005, which is 4.9 per cent more than in 2004. Consumption in energy-intensive manufacturing rose by 0.4 TWh to 35.5 TWh from 2004.

Lower electricity prices for households

The electricity bill for households consists of power, grid rent and public taxes (consumer tax and VAT). The total price that households had to pay for power, grid rent and consumer tax fell from 63.2 øre/KWh in 2004 to 61.6 øre/KWh in 2005, excluding VAT. While the price of electric power for households was 27.7 øre/kWh in 2004, the average price was 27.2 øre/KWh in 2005. The grid rent fell from 26.2 øre/KWh to 25.2 øre/KWh in 2005.