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Lower electricity prices for households
statistikk
2016-05-31T10:00:00.000Z
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 1st quarter 2016 the average price of electricity for households was 8.3 per cent lower than in the same quarter in 2015.

Electricity prices, Q1 2016

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Lower electricity prices for households

The average price of electricity for households in the first quarter of 2016, excluding taxes and grid rent, was 28.7 øre per kWh. This is 8.3 per cent lower compared to the same quarter in 2015. Nevertheless, the overall electricity price was unchanged due to an increase in the tax on the consumption of electricity.

Electricity prices in the end-user market, quarterly. Øre/kWhPublished 31 May 2016
1st quarter 2016Change 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 taxes87.47.80.0
Electricity price28.710.8-8.3
Grid rent26.62.31.1
Taxes32.19.97.7
 
Households. Electricity price by type of contract. Exclusive taxes
New fixed-price contracts-1 year or less126.8-13.8-20.2
New fixed-price contracts-1 year or more127.4-11.9-14.6
All other fixed-price contracts31.1-3.4-6.9
Contracts tied to spot price26.911.2-7.6
Variable price (not tied to spot price)33.011.9-8.3
 
Business activity. Electricity price. Exclusive taxes
Services27.39.2-6.2
Manufacturing excl. energy-intensive manufacturing26.410.9-7.7
ManufacturiEnergy-intensive manufacturing30.8-3.11.7

Source: Statistics Norway

The overall average price of electricity for households, including grid rent and taxes, amounted to 87.4 øre per kWh in the first quarter. This is 1.2 per cent higher compared to the same quarter in 2015. The grid rent and taxes came to 26.6 and 32.1 øre per kWh respectively.

Spot price and new fixed-price lasting one year or less was cheapest

Households tied to spot price contracts and new fixed-price contracts lasting one year or less paid 26.9 and 26.8 øre per kWh respectively on average, excluding grid rent and taxes, while the price of variable price contracts amounted to 33 øre per kWh. New fixed-price contracts lasting one year or more totalled 27.4 øre per kWh. Other fixed-price contracts amounted to 31.3 øre per kWh.

Lower electricity prices for the service industry and manufacturing

The average price of electricity in the service industry was 27.3 øre per kWh, excluding taxes and grid rent, in the first quarter of 2016. This is 6.2 per cent lower than the price one year ago. In manufacturing excl. energy-intensive manufacturing the average price amounted to 26.4 øre per kWh. This is 7.7 per cent lower compared to the same period last year.

Increased prices for energy-intensive manufacturing

For energy-intensive manufacturing the average price of electricity was 30.8 øre per kWh in the first quarter, excluding taxes and grid rent. This is 1.7 per cent higher compared to the first quarter in 2015. A large part of the electricity used in energy-intensive manufacturing is purchased through fixed-price contracts.