Large increase in operating profit in power industry
Energy and manufacturing
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Electricity, annual figures2010

As from December 2015 the statistics is published with Electricity.



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Large increase in operating profit in power industry

The operating profit in the power industry came to NOK 37.7 billion in 2010; an increase of 29 per cent compared with 2009. This may be seen in conjunction with higher electricity prices in 2010 that more than compensated for the lower production.

Key figures for enterprises in electricity supply. 2010

Income statement for enterprises in electricity supply, NOK. 1998

Production plants had the highest operating profit in 2010. This is also the case for previous years. The operating profit of production plants amounted to NOK 27.5 billion. Grid companies achieved an operating profit of NOK 6.6 billion, whereas the operating profit of remaining plants totalled NOK 3.6 billion.

Annual profit in the power industry came to 21.8 billion in 2010. This is an increase of 26 per cent compared with the previous year.

Rise in gross investments

The gross investments (purchase minus sale of fixed assets) in the power industry rose from NOK 10.9 billion in 2009 to NOK 11.8 billion in 2010. Gross investments in hydro power plants came to NOK 3 495 million, whereas gross investments in thermal power plants and wind power plants were NOK 122 and 633 million respectively. Investments in central grid systems, regional grid systems and local grid systems were NOK 779, 972 and 3 026 million respectively in 2010.

Investments in fixed assets, NOK. 1998

Increase in electricity consumption

There was an increase of 7 per cent in total net electricity consumption from 2009 to 2010 and the consumption totalled 120.6 TWh. The electricity consumption in services and households rose by 1.3 and 3.1 TWh respectively. The increase may be seen in light of the colder weather in 2010. The electricity consumption in power-intensive manufacturing rose by 2.1 TWh.

Rise in electricity prices for households

Households’ total electricity bill consists of power price, grid rent and public taxes (consumer tax and VAT). The total price for households increased from 71.5 øre/kWh in 2009 to 87.4 øre/kWh in 2010, excluding VAT. Power price, grid rent and consumer tax were 49.0, 27.7 and 10.7 øre/kWh respectively.

Lower electricity generation and net import

Electricity generation totalled 123.6 TWh in 2010; a decrease of 6 per cent compared with 2009. Norway’s exports of power came to 7.1 TWh in 2010, while imports totalled 14.7 TWh. This gave a net import of 7.6 TWh.