Electricity prices, Q1 2004

Including taxes and grid rent the price of electricity for households was 77.4 øre/kWh in the first quarter this year. This is 32.7 per cent lower than in the first quarter 2003.

The electricity price for households with contracts tied to spot price was 26.2 øre/kWh in the first quarter 2004, while the electricity price for households with contracts with variable price (not tied to spot price) was 30 øre/kWh, taxes and grid rent excluded. Since the quarterly electricity price statistics were established in 1998 the price of electricity has been lower with contracts tied to spot price than contracts with variable price (not tied to spot price). Therefore there are still many electricity consumers that do not use the possibility after the liberalisation for choosing type of contract and electricity supplier.

More stable electricity prices for services and manufacturing

For services the average price of electric energy was 25.5 øre/kWh in the first quarter this year, taxes and grid rent excluded. This is 11 per cent lower than in the fourth quarter last year and 35,4 per cent lower than in the first quarter 2003.

For manufacturing, excluding energy-intensive manufacturing and pulp and paper industry, the price of electricity was 24.5 øre/kWh in the first quarter this year. This is 5.7 per cent lower than in the fourth quarter last year and 21.9 per cent lower than in the first quarter 2003. For energy-intensive manufacturing and pulp and paper industry the average price of electric energy was 12.9 øre/kWh in the first quarter this year.

See also

Reservoir level

Electricity statistics

Tables:

• Table 1 Electricity prices and grid rent in the end-user market, quarterly. øre/kWh
• Table 2 Electricity prices and grid rent for households, quarterly
• Table 3 Range of electricity prices in end-user market and distribution of sold quantity in the sample
• Table 4 Time series covering quarterly prices of electric energy, taxes excluded. øre/kWh
• Table 5 Time series covering quarterly prices of electric energy for households, taxes included. øre/kWh.
• Table 6 Electricity prices in the wholesale market, quarterly. øre/kWh
• Table 7 Time series covering quarterly prices of electric energy in the whole sale market, taxes excluded. øre/kWh