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/en/energi-og-industri/statistikker/elkraftpris/kvartal
7778_om
statistikk
2018-02-26T08:00:00.000Z
Energy and manufacturing;Prices and price indices
en
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Electricity pricesQ4 2017

Content

About the statistics

Definitions

Name and topic

Name: Electricity prices
Topic: Energy and manufacturing

Next release

Responsible division

Division for Business Cycle Statistics

Definitions of the main concepts and variables

Prices of electric energy exclusive of public taxes (user tax on electricity, value added tax and subsidies to Enova) and exclusive of grid rent. This is explained in more detail in the annotations in the tables. The statistics then only covers the part of the electricity supply exposed for competition.

Wholesale market: Electricity producers, electricity suppliers and some industrial enterprises buy and sell power in large quantity primarily for re-sale to end users.

End-user market: Customers that buy electricity for their own consumption directly from an electricity supplier.

Grid rent: The customer is charged for transmission of the electricity by the local grid company.

Taxes consist of tax on consumption of electricity, value added tax (VAT) and subsidies to Enova. All counties in Norway have the same tax rate for the consumption of electricity, apart from some parts of Troms and the whole of Finnmark, which are exempt. The Enova tax was 1 øre/kWh in 2018 and is the same for all households throughout the country. VAT is added after electricity price, grid rent and other taxes have been added. Nordland, Troms and Finnmark are exempt from VAT.   

Spot price: Nord Pool Spot is the marketplace for physical power contracts. On Nord Pool Spot the electricity spot price is set for Norway, Finland, Sweden and Denmark.

Type of contracts in the end-user market

Fixed price contracts. All contracts where the price is fixed or where the price is linked to a fixed price path are regarded as fixed price contracts. Contracts tied to a price index are also included in the fixed price category.

Contracts tied to spot price: Includes all contracts derived from the elspot price. This category also includes contracts tied to spot price with an overhead charge or price ceiling. Markups and price ceilings are included in the average price.


Variable price contracts: A type of contract where the price varies during the year, mostly depending on market conditions. For a standard variable contract, the supplier may freely choose the price and its duration provided that any price change is announced to its customers at least 14 days in advance.


Contracts not entered in the market: Price contracts that are not determined by the market. For instance, contracts sold at cost-price or contracts where the state or a municipality sets a price that is higher or lower than the market price. 

Type of contracts in the wholesale market


Fixed price contracts. All contracts where the price is fixed or where the price is linked to a fixed price path are regarded as fixed price contracts. Contracts tied to a price index are also included in the fixed price category. Fixed price contracts are divided into full time and free time. Costumers with free-time fixed price contracts can choose electricity consumption freely during the contract period, while customers with full-time contracts have to distribute the consumption evenly.


Spot prices and regulating power prices: Volumes traded in the elspot and balancing power market.

Contracts not entered in the market: Price contracts that are not determined by the market. For instance, contracts sold at cost-price or contracts where the state or a municipality sets a price that is higher or lower than the market price. 

 

Standard classifications

The standard for sector classification (NACE) is used when dividing prices between the electricity consumer groups. It is also split between different types of contracts for buying and selling electricity.

This division is found in the tables of the statistics.

Administrative information

Background

Production

Accuracy and reliability