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Higher electricity prices
statistikk
2013-11-25T10:00:00.000Z
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, Q3 2013

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Higher electricity prices

The average price of electricity for households in the third quarter of 2013, excluding taxes and grid rent, was 33.4 øre per kWh. This is 67 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 32.5 øre per kWh.

Electricity prices in the end-user market, quarterly. Øre/kWhPublished 25 November 2013
3rd quarter 2013Change 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 taxes86.5-1.824.1
Electricity price33.4-3.567.0
Grid rent26.40.01.1
Taxes26.7-1.513.1
 
Households. Electricity price by type of contract. Exclusive taxes
New fixed-price contracts-1 year or less132.9-7.6-7.6
New fixed-price contracts-1 year or more134.1-3.90.3
All other fixed-price contracts35.8-0.8-0.8
Contracts tied to spot price32.5-5.091.2
Variable price (not tied to spot price)35.1-0.849.4
 
Business activity. Electricity price. Exclusive taxes
Services31.1-8.560.3
Manufacturing excl. energy-intensive manufacturing30.4-7.354.3
ManufacturiEnergy-intensive manufacturing28.61.87.9

Source: Statistics Norway

The overall average price of electricity for households, including grid rent and taxes, amounted to 86.5 øre per kWh in the third quarter. This is 24 per cent higher compared to the same quarter in 2012. The grid rent and taxes came to 26.4 and 26.8 øre per kWh respectively.

Spot contracts cheaper

Households tied to spot price contracts paid 32.5 øre per kWh on average, excluding grid rent and taxes, in the third quarter of 2013. Sixty-eight per cent of the power sold to household consumers was sold through spot price contracts.

The price of variable price contracts amounted to 35.1 øre per kWh. New fixed-price contracts lasting one year or less and new fixed-price contracts lasting one year or more totalled 32.9 and 32.9 øre per kWh respectively. Other fixed-price contracts amounted to 35.8 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 31.1 øre per kWh, excluding taxes and grid rent. This is almost 60 per cent higher than the price one year ago.

In manufacturing excluding energy-intensive manufacturing, the average price amounted to 30.4 øre per kWh. This is 54 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 28.6 øre per kWh in the third quarter, excluding taxes and grid rent. This is a 7.9 per cent increase compared to the third quarter of 2012.