Electricity prices tumble

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A mild winter combined with unseasonably heavy amounts of rain has led to lower electricity consumption and low electricity rates. Figures compiled by Norwegian Broadcasting (NRK) indicate the lowest electricity bills in seven years.

Consumption is down 5 percent from last year, reported NRK. A family living in a detached home has saved around NOK 1,000 this winter, while those living in small apartments with electric heating have probably saved several hundred kroner.

Norway’s reservoirs are already filled up, noted NRK, indicating that electricity prices should remain low all year long.

newsinenglish.no staff