Business statistics for the electricity industry

Updated: 29 November 2024

Next update: Not yet determined

Total price of electricity, grid rent and taxes for households. Electricity support deducted
Total price of electricity, grid rent and taxes for households. Electricity support deducted
2023
140.5
øre/kWh
 
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

Selected tables and charts from this statistics

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

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.

Name: Business statistics for the electricity industry

Topic: Energy and manufacturing. Establishments, enterprises and accounts

Not yet determined

Division for Structural Business Statistics

Table 2 has data on county level. The other tables have data on national level.

Annual. The statistics are published about 11 months after the reference year.

The annual electricity statistics are reported to Eurostat.

Collected and revised data are stored securely by Statistics Norway in compliance with applicable legislation on data processing.

Statistics Norway can grant access to the source data (de-identified or anonymised microdata) on which the statistics are based, for researchers and public authorities for the purposes of preparing statistical results and analyses. Access can be granted upon application and subject to conditions. Refer to the details about this at Access to data from Statistics Norway.

The purpose of the statistics is to give an overview over economic key figures of the power industry. The statistics go back to 1937, but have been changed several times since then.

External users are the Ministry of Petroleum and Energy, the Ministry of Finance, Norwegian Water Resources and Energy Directorate, Enova, the International Energy Agency (IEA) and Eurostat. The data material is also used by the Divison for National Accounts (930).

No external users have access to statistics before they are released at 8 a.m. on ssb.no after at least three months’ advance notice in the release calendar. This is one of the most important principles in Statistics Norway for ensuring the equal treatment of users.

Tables showing electricity prices in the wholesale market and the end-user market are available in the annual electricity statistics and quarterly electricity price statistics. The quarterly electricity price statistics are based on a sample of about 40 enterprises in the wholesale and end-user market, and are released around two months after the end of the quarter. Annual electricity statistics include all the enterprises in the population, and are released about 12 months after the reference year.

The quarterly electricity price statistics have the most up-to-date electricity prices and provide information about different types of price contracts (spot price, variable price and fixed price). The annual electricity statistics are more detailed and the data source covers the whole population.

The statistics are developed, produced and disseminated pursuant to Act no. 32 of 21 June 2019 relating to official statistics and Statistics Norway (the Statistics Act).

Data are reported to Eurostat according to Regulation 2019/2152.

The enterprise is the statistical unit.

Table 1-3 contains all enterprises that have a license for electricity production, transmission of electricity, distribution of electricity or trade with electricity.

Table 4-7 contains all enterprises that have a license for electricity production, transmission of electricity, distribution of electricity or trade with electricity and is classified in industrial classification 35.1.

Data collection together with the Norwegian Water Resources and Energy Directorate.

Total Count.

Data is collected in the web based system eRapp in cooperation with the Norwegian Water Resources and Energy Directorate (NVE). SSB and NVE have separate databases, for their respective needs. SSB use the data for production of statistics and analysis.

The income statements and balance sheets sub-sections of the reporting form are controlled by the respondents registered auditor. The annual reports of the enterprises are used in the revision of the data.

Editing is defined here as checking, examining and amending data. Among other things, maximum and minimum values in addition to percentage changes are calculated.

Not relevant

Employees of Statistics Norway have a duty of confidentiality.

Statistics Norway does not publish figures if there is a risk of the respondent’s contribution being identified. This means that, as a general rule, figures are not published if fewer than three units form the basis of a cell in a table or if the contribution of one or two respondents constitutes a very large part of the cell total.

Statistics Norway can make exceptions to the general rule if deemed necessary to meet the requirements of the EEA agreement, if the respondent is a public authority, if the respondent has consented to this, or when the information disclosed is openly accessible to the public.

More information can be found on Statistics Norway’s website under Methods in official statistics, in the ‘Confidentiality’ section.

In the electricity statistics of 2008 the sale to different end users is based on a new version of Norwegian industry classification (SIC2007) . The most important changes are:

  • For the first time we also calculate a grid rent for power intensive manufacturing. Since power intensive manufacturing has a very low grid rent compared to other end users, total grid rent for all end users is not comparable with former years.
  • We do not publish gross value of production, intermediate consumption and value added at factor prices in the electricity statistics from 2008. Instead of these variables we publish production value, cost of goods and services consumed and value added.

The enterprise is the statistical unit. Prior to 1993 the establishment was the unit, defined as all energy activities located in one distribution area. This change concerns only utilities with activities in several distribution areas and it only affects the total count of electricity utilities.

Income statement

Table 13428 and 13429 have been revised. Extraordinary items will no longer be published from reference year 2022. The name of two variables have been changed (profit before and after taxes).

The results of a statistical survey normally contain certain collection and processing errors. Collection errors can occur due to a respondent giving incorrect information because they misunderstand a question, or they may forget to answer a question. Processing errors can occur in the data during the optical reading or during revisions of the sample.

Despite various data controls, errors can still occur. These can include errors that were not possible to detect during the control routines or incorrect evaluations by executive officers in Statistics Norway.

A revision is a planned change to figures that have already been published, for example when releasing final figures as a follow-up to published preliminary figures. See also Statistics Norway’s principles for revisions.

Revisions in previously published seasonally adjusted figures can take place when new observations (or revised previous observations) are included in the basis of calculation. The scope of the revision is usually greatest in the most relevant part (last 1–2 years) of seasonally adjusted time series. A corresponding revision in trends is also typical, particularly at the end of the time series. The extent of the revision of trends and seasonally adjusted figures is partly determined by the revision policy, see Section 4 of the European Statistical System (ESS) Guidelines on Seasonal Adjustment on the Eurostat website.

Not relevant

Not relevant
Not relevant
Not relevant
Not relevant
Not relevant
Not relevant
Not relevant
Not relevant

Contact