Electricity prices, Q2 2011

The average price for household contracts was 47.7 øre/kWh in the second quarter (week 18).

The overall average price of electricity for households, including grid rent and taxes, amounted to 105.3 øre/kWh in the second quarter. This is 3.2 per cent higher compared to the same quarter in 2010. The grid rent and taxes came to 27.8 and 29.8 øre/kWh respectively.

Variable price contracts somewhat more expensive

Households tied to variable price contracts amounted to 48.8 øre/kWh on average, excluding grid rent and taxes, in the middle of the second quarter of 2011, while households tied to spot contracts paid 47.2 øre/kWh. One-year fixed-price contracts and other fixed-price contracts totalled 47.3 and 41.6 øre/kWh respectively.

Higher electricity prices for the service industry, slight decrease in manufacturing excl. energy-intensive manufacturing

The average price of electricity in the service industry was 46.1 øre per kWh, excluding taxes and grid rent, in the middle of the second quarter. This is 10.9 per cent higher compared to the second quarter one year ago.

In manufacturing excl. energy-intensive manufacturing the average price in the middle of the second quarter amounted to 32.2 øre per kWh. This is 1 per cent lower compared to the same quarter in 2010.

Increase in electricity prices for energy-intensive manufacturing

For energy-intensive manufacturing and the pulp and paper industry, the average price of electricity was 27.4 øre per kWh in the middle of the second quarter, excluding taxes and grid rent. This is 33 per cent higher than the second quarter in 2010. The price increase must be viewed in conjunction with a substantial reduction in the share of contracts not determined by the market, and an increase in more expensive contracts like spot and fixed-price contracts.

The measuring period for the second quarter of 2011 was week 18. The average elspot price for the whole quarter was 3.9 øre/kWh higher than the elspot price in week 18.

See also http://www.ssb.no/energi_en/

Tables:

• Table 1 Electricity prices in the end-user market, quarterly. Exclusive taxes. 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 and yearly prices of electric energy, taxes excluded. øre/kWh
• Table 5 Time series covering quarterly and yearly 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 and yearly prices of electric energy in the whole sale market, taxes excluded. øre/kWh