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Higher electricity prices for households
statistikk
2016-11-17T08:00:00.000Z
Energy and manufacturing;Prices and price indices
en
elkraftpris, Electricity prices, electricity prices, power prices, fixed prices, spot prices, grid rent, end user market, wholesale market, consumer groups (for example households, service industries, power-intensive manufacturing)Producer and wholesale price indices, Energy , Prices and price indices, Energy and manufacturing
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The quarterly statistics cover prices in the end-user and wholesale market. In the 3rd quarter 2016 the average price of electricity for households was 53 per cent higher than in the same quarter in 2015.

Electricity prices, Q3 2016

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Higher electricity prices for households

The average price of electricity for households in the third quarter of 2016, excluding taxes and grid rent, was 30.5 øre per kWh. This is 53 per cent higher compared to the same quarter in 2015, which was a quarter with very low prices.

Electricity prices in the end-user market, quarterly. Øre/kWhPublished 17 November 2016
3rd quarter 2016Change in per cent
Øre/KwHLast 3 mos.Last 12 mos.
1New fixed-price contracts are entered into the last 3 months before the measuring period, and older fixed-price contracts are entered earlier.
Households. Total price of electricity, grid rent and taxes90.52.422.5
Electricity price30.55.952.5
Grid rent27.30.05.0
Taxes32.71.217.2
 
Households. Electricity price by type of contract. Exclusive taxes
New fixed-price contracts-1 year or less129.610.4-6.0
New fixed-price contracts-1 year or more130.38.2-2.9
All other fixed-price contracts29.8-2.9-11.0
Contracts tied to spot price29.16.269.2
Variable price (not tied to spot price)34.36.535.6
 
Business activity. Electricity price. Exclusive taxes
Services27.25.050.3
Manufacturing excl. energy-intensive manufacturing26.62.360.2
ManufacturiEnergy-intensive manufacturing30.1-2.0-3.8

Source: Statistics Norway

The increase in the electricity price may be seen in conjunction with the lower filling level in water reservoirs in the third quarter of 2016 compared to the same quarter in 2015. At the end of week 39, the reservoir filling in Norway was 6.4 percentage points lower than the same week in 2015, according to the Norwegian Water Resources and Energy Directorate (NVE). In the third quarter of 2015, there was a large supply of water from snow melting in the mountains and a large increase in the filling level in water reservoirs. 

The overall average price of electricity for households, including grid rent and taxes, amounted to 90.5 øre per kWh in the third quarter. This is 23 per cent higher compared to the same quarter in 2015. The grid rent and taxes came to 27.3 and 32.7 øre per kWh respectively. 

Spot price was cheapest

Electricity supplied to households tied to spot price contracts amounted to 29.1 øre per kWh, excluding grid rent and taxes, while the price of variable price contracts amounted to 34.3 øre per kWh. Households tied to new fixed-price contracts lasting one year or less paid 29.6 øre per kWh on average. New fixed-price contracts lasting one year or more totalled 30.3 øre per kWh. Other fixed-price contracts amounted to 29.8 øre per kWh. 

Higher electricity prices for the service industry and manufacturing

The average price of electricity in the service industry was 27.2 øre per kWh, excluding taxes and grid rent, in the third quarter of 2016. This is 50 per cent higher than the price one year ago. In manufacturing excl. energy-intensive manufacturing the average price amounted to 26.6 øre per kWh. This is 60 per cent higher compared to the same period last year. 

Lower prices for energy-intensive manufacturing

For energy-intensive manufacturing the average price of electricity was 30.1 øre per kWh in the third quarter, excluding taxes and grid rent. This is 3.8 per cent lower compared to the third quarter in 2015. A large part of the electricity used in energy-intensive manufacturing is purchased through fixed-price contracts.