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Higher electricity prices
statistikk
2013-05-24T10:00:00.000Z
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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Electricity prices, Q1 2013

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Higher electricity prices

The average price of electricity for households in the third quarter, excluding taxes and grid rent, was 34.9 øre per kWh. This is 1.5 per cent higher compared to the same quarter in 2012. Spot contracts were the cheapest contract type in the period, at an average cost of 34.4 øre per kWh.

Electricity prices in the end-user market, quarterly. Øre/kWhPublished 23 May 2013
 1st quarter 2013Change in per cent
 Øre/kWhLast 3 mos.Last 12 mos.
1New fixed-price contacts are entered into the last 3 months before the measuring week, and older fixed-price contracts are entered earlier.
Households. Total price og electricity, grid rent and taxes88.66.61.2
Electricity price34.914.81.5
Grid rent26.40.00.4
Taxes27.23.41.5
    
Households Electricity price by type of contract. Exclusive taxes   
New fixed price contracts - 1 year or less135.07.0-12.4
New fixed price contracts - 1 year or more135.50.6-9.2
All other fixed-price contracts36.0-2.0-7.1
Contracts tied to spot price34.412.73.4
Variable price (not tied to spot price)36.025.21.5
    
Business activity. Electricity price. Exclusive taxes   
Services34.18.84.7
Manufacturing excl. Energy-intensive manufacturing33.89.66.1
Energy-intensive manufacturing29.79.72.5

Source: Statistics Norway

The overall average price of electricity for households, including grid rent and taxes, amounted to 88.6 øre per kWh in the first quarter. This is 1.2 per cent lower compared to the same quarter in 2012. The grid rent and taxes came to 26.4 and 27.2 øre per kWh respectively.

Spot contracts cheaper

Households tied to spot price contracts paid 34.4 øre per kWh on average, excluding grid rent and taxes, in the first quarter of 2013. Sixty-seven per cent of the power sold to household consumers was sold through spot price contracts.

The price of variable price contracts amounted to 36.0 øre per kWh. New fixed-price contracts lasting one year or less and fixed-price contracts lasting one year or more totalled 35.0 and 35.5 øre per kWh respectively. Other fixed-price contracts amounted to 36.0 øre per kWh.

Higher electricity prices for the service industry and in manufacturing

The average price of electricity in the service industry in the third quarter was 34.1 øre per kWh, excluding taxes and grid rent. This is almost 5 per cent higher than the price one year ago.

In manufacturing excluding energy-intensive manufacturing, the average price amounted to 33.8 øre per kWh. This is 6 per cent higher compared to the same period in 2012.

For energy-intensive manufacturing and the pulp and paper industry, the average price of electricity was 29.7 øre per kWh in the second quarter, excluding taxes and grid rent. This is a 2.5 per cent increase compared to the first quarter of 2012.