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Statistics about

Business statistics for the electricity industry

The statistics cover economic figures for the electricity industry, as well as power prices and grid rent.

Updated: 29 November 2024
Next update: 28 November 2025

Selected figures from this statistics

  • Selected main economic figures and prices for households
    Selected main economic figures and prices for households1
    20222023Per cent change compared to last year
    Price for households national level. Øre/kWh
    Total price on electricity, grid rent and taxes248.3165.6-33.3
    Price on electricity156.085.8-45.0
    Grid rent33.935.65.0
    Taxes58.444.2-24.3
    Electricity support deducted91.225.1-72.5
    Total price of electricity, grid rent and taxes. Electricity support deducted157.1140.5-10.6
    Economic main figures. NOK million
    Compensations of employees10 73911 92711.1
    Production value200 790144 358-28.1
    Cost of goods and services consumed31 37831 202-0.6
    Value added169 412113 156-33.2
    Gross fixed capital formation22 13525 35814.6
    Acquisition of fixed assets23 05225 65211.3
    Sale of fixed assets917294-67.9
    1The Norwegian government launched a temporary electricity support package for households in December 2021. The electricity support shown in the table is the weighted average electricity support for the whole country. Annual electricity support is calculated as the weighted average of the monthly electricity support.
    Explanation of symbols
  • Prices on electricity and grid rent excluding taxes, by consumer group. Øre/kWh
    Prices on electricity and grid rent excluding taxes, by consumer group. Øre/kWh
    2023
    Total average price excluding taxesPrice on electricityGrid rent, weighted average
    ALL CONSUMER GROUPS94.272.521.7
    POWER INTENSIVE MANUFACTURING44.342.12.2
    Manufacture of pulp, papir and paperboard73.871.62.2
    Industrial chemicals76.470.16.3
    Iron, steel and ferroalloys47.946.31.6
    Non-ferrous metals33.732.21.5
    MINING AND EXTRACTION78.575.03.5
    Mining86.967.019.9
    Extraction of crude petroleum and natural gas together with support activities for this sector93.090.22.8
    MANUFACTURING EXCLUDING POWER INTENSIVE MANUFACTURING84.566.817.7
    Food products, beverages and tobacco90.069.220.8
    Other manufacturing81.865.816.0
    VARIOUS SUPPLY AND REMIDIATION ACTIVITIES95.276.019.2
    Electric power generation, transmission and distribution together with distribution of gas thorugh mains97.675.022.6
    Steam and air conditioning supply88.773.715.0
    Water supply, sewerage, waste management and remidiation activities112.888.524.3
    TRANSPORTATION AND STORAGE95.173.621.5
    Passenger rail transport, freight rail transport, other urban and suburban transport108.693.615.0
    Other transport and storage95.973.222.7
    Postal and courier activities112.987.925.0
    CONSTRUCTION AND OTHER SERVICES106.981.025.9
    Construction118.288.829.4
    Wholesale and retail trade, repair of motor vehicles and motorcycles107.481.426.0
    Accomodation, food and beverage service activities108.383.025.3
    Information and communication68.654.114.5
    Financial and insurance activities118.392.425.9
    Real estate activities114.487.427.0
    Professional, scientific and technical activities114.187.626.5
    Administrative and support service activities110.183.626.5
    Public administration and defence, compulsory social security98.771.926.8
    Streets and road lighting110.677.633.0
    Education102.777.525.2
    Human health and social work activities118.695.722.9
    Arts, entertainment and recreation119.990.229.7
    Activities of membership organisations122.390.032.3
    Other service activities122.890.432.4
    PRIVATE HOUSEHOLDS AND AGRICULTURE121.084.936.1
    Agriculture, forestry and fishing90.467.522.9
    Hot-houses102.784.218.5
    Private households121.485.835.6
    Cottages and holiday houses145.488.357.1
    Explanation of symbols
  • Price on electricity, grid rent and taxes of households, by county. Øre/kWh
    Price on electricity, grid rent and taxes of households, by county. Øre/kWh1
    2023
    Total price of electricity, grid rent and taxes. Electricity support deductedPrice on electricityGrid rentTaxesElectricity support
    The whole country140.585.835.644.225.1
    Viken (2020-2023)147.696.633.150.832.9
    Oslo152.2101.132.251.832.9
    Innlandet144.493.432.649.931.5
    Vestfold og Telemark (2020-2023)159.4103.436.353.333.6
    Agder158.7103.136.053.233.6
    Rogaland166.7101.943.654.833.6
    Vestland154.188.742.451.328.3
    Møre og Romsdal130.158.335.741.95.8
    Trøndelag - Trööndelage127.362.629.541.46.2
    Nordland - Nordlánnda98.447.140.214.73.6
    Troms og Finnmark - Romsa ja Finnmárku (2020-2023)87.647.634.69.03.6
    1The Norwegian government launched a temporary electricity support package for households in December 2021. The electricity support rate is calculated from the monthly electricity price in the Elspot area that households belong to. A county can be in one or more Elspot areas. The average electricity support rate per county is calculated as a weighted average of the relevant electricity support rates using the household consumption in the Elspot areas as weights. Annual electricity support is calculated as the weighted average of the monthly electricity support.
    Explanation of symbols
  • Prices on electricity traded in the wholesale market and concession power. Øre/kWh
    Prices on electricity traded in the wholesale market and concession power. Øre/kWh
    2008200920102011201220132014201520162017201820192020202120222023
    A. Bilateral contracts, total31.428.132.728.221.224.023.319.824.526.433.531.718.539.765.343.4
    A.1 Contracts up to 1 year duration33.930.042.435.023.729.224.119.524.226.940.538.013.856.7102.457.7
    A.2 Contracts up to 1-5 year duration37.831.639.834.424.228.624.524.124.728.733.132.623.344.283.743.1
    A.3 Contracts with more than 5 year duration20.025.126.423.619.421.322.719.024.725.622.821.720.427.133.633.4
    B. Market power trade, total40.132.545.637.424.230.624.719.525.227.641.638.812.864.3131.969.1
    B.1 Elspot market40.132.545.937.424.330.524.619.425.227.641.638.713.064.5130.368.5
    B.2 The regulation market36.230.243.138.523.830.625.220.025.127.641.739.611.462.9143.573.6
    C. Concession power9.69.310.311.110.610.911.911.511.411.812.712.212.213.013.814.3
    Explanation of symbols
  • Economic main figures of the electricity industry. NOK million
    Economic main figures of the electricity industry. NOK million1
    2014201520162017201820192020202120222023
    Compensations of employees7 0057 9428 5998 6788 7588 4479 0599 93510 73911 927
    Production value58 39157 75467 96968 65687 82979 85670 520122 447200 790144 358
    Cost of goods and services consumed17 06717 18518 29218 62122 28920 61820 50924 16331 37831 202
    Value added41 32440 56949 67750 03565 54059 23850 01198 284169 412113 156
    Gross fixed capital formation19 23420 70824 75627 58833 28234 01735 48329 35622 13525 358
    Acquisition of fixed assets20 31522 23525 83629 80636 92736 93236 31229 80523 05225 652
    Sale of fixed assets1 0811 5271 0802 2183 6452 915829449917294
    1Gross fixed capital formation = acquisition - sale of fixed assets
    Explanation of symbols
  • Income statement for enterprises in the electricity industry, by ownership group. NOK million
    Income statement for enterprises in the electricity industry, by ownership group. NOK million
    2023
    TotalCentral governmentCounty/municipality...County municipal...Joint municipal...MunicipalPrivate
    Operating income, total278 00164 629135 4533 794110 03621 62377 920
    Sales of energy222 93949 204102 1243 65580 18818 28171 611
    Sales of transmission40 04012 56525 900023 8902 0101 575
    Other operating income15 0222 8597 4291395 9581 3324 734
    Operating expenses, total189 92936 87583 0052 75972 0418 20470 049
    Purchase of energy114 77311 13646 5982 17640 2404 18357 039
    Purchase of grid services12 1354 3967 134126 443679606
    Compensation of employees11 9273 7245 821424 7051 0742 382
    Depreciation15 1735 2777 1511646 3506372 745
    Other operating expenses35 92012 34316 30136614 3031 6327 277
    Operating profit88 07227 75352 4481 03437 99513 4197 871
    Financial income, total14 4294 5577 2375173 9522 7672 635
    Financial expenses total15 9623 4516 4801964 8601 4246 031
    Financial items, net-1 5341 106757322-9081 343-3 397
    Profit before taxes86 53928 85953 2051 35637 08714 7624 474
    Taxes48 49217 78627 54374719 5577 2393 163
    Profit after taxes38 04711 07325 66260917 5307 5241 311
    Annual profit38 04711 07325 66260917 5307 5241 311
    Dividends14 2513 4569 84937 0272 819946
    Explanation of symbols
  • Income statement for enterprises in the electricity industry, by classification. NOK million
    Income statement for enterprises in the electricity industry, by classification. NOK million
    2023
    35.1 Electric power generation, transmission and distribution35.111 Production of electricity through water power35.112 Production of electricity through wind power35.119 Other production of electricity35.120 Transmission of electricity35.130 Distribution of electricity35.140 Trade of electricity
    Operating income, total278 001137 1275 95619111 25231 42692 049
    Sales of energy222 939129 0245 433140086087 483
    Sales of transmission40 0401505010 46529 165253
    Other operating income15 0227 953518517871 4004 313
    Operating expenses, total189 92962 0904 79120812 94422 31387 583
    Purchase of energy114 77334 179540075679 784
    Purchase of grid services12 1352 06129702 9646 72786
    Compensation of employees11 9275 05419341 4903 4591 871
    Depreciation15 1734 5022 140503 1914 480810
    Other operating expenses35 92016 2942 2801245 2996 8915 032
    Operating profit88 07275 0371 166-17-1 6929 1124 466
    Financial income, total14 42910 668448116834092 211
    Financial expenses total15 9625 2252 430202 3652 5223 400
    Financial items, net-1 5345 443-1 983-9-1 683-2 113-1 189
    Profit before taxes86 53980 480-817-26-3 3746 9993 277
    Taxes48 49246 5835590-7441 573522
    Profit after taxes38 04733 897-1 376-27-2 6305 4262 755
    Annual profit38 04733 897-1 376-27-2 6305 4262 755
    Dividends14 25110 59437602961 2431 742
    Explanation of symbols
  • Acquisition and sale of fixed assets, by type of capital. NOK million
    Acquisition and sale of fixed assets, by type of capital. NOK million
    AcquisitionSale
    2023
    Fixed assets, total25 652294
    Water power plants1 6113
    ¬ Waterfall rights450
    ¬ Waterway regulations1 5663
    Hydro-electric power stations4 38244
    ¬ Building construction, hydro-electric power stations1 48914
    ¬ Permanent mechanical and electrical equipment, hydro-electric power stations2 89330
    Thermal power plants350
    ¬ Building construction, thermal power plants50
    ¬ Permanent mechanical and electrical equipment, thermal power plants300
    Windpower plants1902
    ¬ Building construction, windpower plants1640
    ¬ Permanent mechanical and electrical equipment, windpower plants252
    Solar power plants871
    ¬ Building construction, solar power plants781
    ¬ Permanent mechanical and electrical equipment, solar power plants90
    Transmission systems14 859115
    ¬ Central grid systems3 6540
    ¬ Regional grid systems4 42185
    ¬ Local grid systems6 78430
    District heating260
    ¬ Production plants50
    ¬ Distribution systems130
    ¬ Other, district heating80
    Other fixed assets, total4 463129
    ¬ Control centers1101
    ¬ Street and road lighting20
    ¬ Motor vehicles and other transport equipment41838
    ¬ Construction machinery861
    ¬ Office equipment6585
    ¬ Offices and premises38816
    ¬ Dwellings for employees40
    ¬ Land5352
    ¬ Other property54915
    ¬ Construction roads1920
    ¬ Tele30615
    ¬ Fixed assets, other1 21536
    Explanation of symbols

About the statistics

The information under «About the statistics» was last updated 26 November 2024.

Electricity price, i.e. the price that households pay to the electricity suppliers. This part of the power market was deregulated in 1991. Costs relating to electricity certificates, which is a subsidy system for renewable power, are included in the electricity price. According tothe Norwegian Water Resources and Energy Directorate (NVE) and the Swedish Energy Agency, the cost of electricity certificates was about 1 øre/kWh in 2012 and 2013.

Grid rent, i.e. the price that households pay for the physical distribution of electricity. Unlike the deregulated electricity price, the grid rent is regulated.

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. VAT is added after electricity price, grid rent and other taxes have been added. Nordland, Troms and Finnmark are exempt from VAT.

Electricity support: The Norwegian government launched a temporary electricity support package for households from December 2021 . The electricity support shown in the tables is the weighted average electricity support for the whole country. Quarterly electricity support is calculated by taking the weighted average of the hourly electricity support. To calculate the wieghts, Statistics Norway collect hourly household electricity consumption per spot price area from Elhub. Information about the hourly electricity support is collected from NVE (the Norwegian Water Resources and Energy Directorate).

Production value is defined as turnover corrected for changes in stock of finished goods, work in progress and goods and services bought for resale.

Cost of goods and services consumed is the value of goods and services consumed as input in the production process; excluding fixed assets (consumption is recorded as consumption of fixed capital).

Value added is the sum of production value minus the cost of goods and services consumed.

The standard industrial classification 2007 (SN2007) is used for determining the population basis for the statistics.

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