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Lower electricity prices for households
statistikk
2014-11-25T10:00:00.000Z
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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The quarterly statistics cover prices in the end-user and wholesale market. In the 3rd quarter 2014 the average price of electricity for households was 5.4 per cent lower than in the same quarter in 2013.

Electricity prices, Q3 2014

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Lower electricity prices for households

The average price of electricity for households in the third quarter of 2014, excluding taxes and grid rent, was 31.6 øre per kWh. This is 5.4 per cent lower compared to the same quarter in 2013.

Electricity prices in the end-user market, quarterly. Øre/kWhPublished 25 November 2014
3rd quarter 2014Change 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 taxes84.97.6-1.8
Electricity price31.618.8-5.4
Grid rent26.00.0-1.5
Taxes27.33.82.2
 
Households. Electricity price by type of contract. Exclusive taxes
New fixed-price contracts-1 year or less134.53.04.9
New fixed-price contracts-1 year or more132.8-6.0-3.8
All other fixed-price contracts38.26.46.7
Contracts tied to spot price30.326.3-6.8
Variable price (not tied to spot price)32.52.8-7.4
 
Business activity. Electricity price. Exclusive taxes
Services30.023.0-3.5
Manufacturing excl. energy-intensive manufacturing29.224.8-3.9
ManufacturiEnergy-intensive manufacturing29.71.43.8

Source: Statistics Norway

The overall average price of electricity for households, including grid rent and taxes, amounted to 84.9 øre per kWh in the third quarter. This is 1.8 per cent lower compared to the same quarter in 2013. The grid rent and taxes came to 26 and 27.3 øre per kWh respectively.

Spot contracts cheapest

Households tied to spot price contracts paid 30.3 øre per kWh on average, excluding grid rent and taxes, while the price of variable price contracts amounted to 32.5 øre per kWh. New fixed-price contracts lasting one year or less and fixed-price contracts lasting one year or more totalled 34.5 and 32.8 øre per kWh respectively. Other fixed-price contracts amounted to 38.2 øre per kWh.

Lower electricity prices for the service industry and in manufacturing

The average price of electricity in the service industry was 30 øre per kWh, excluding taxes and grid rent, in the third quarter of 2014. This is 3.5 per cent lower than the price one year ago.

In manufacturing excluding energy-intensive manufacturing, the average price amounted to 29.2 øre per kWh. This is 3.9 per cent lower compared to the same period last year.

Increase in electricity prices for energy-intensive manufacturing

For energy-intensive manufacturing the average price of electricity was 29.7 øre per kWh in the third quarter, excluding taxes and grid rent. This is 3.8 per cent higher compared to the third quarter in 2013. A large part of the electricity used in energy-intensive manufacturing is purchased through fixed-price contracts. As a consequence, a fall in the price of spot contracts will not affect the average price for this consumer group as much as other consumer groups.