Einar Aas, a media-shy man from the southern coastal town of Grimstad, ranked as having Norway’s highest income last year. He also paid more tax than any other person in Norway, but now he faces personal bankruptcy after losing badly on his investments in the power market. Newspapers Dagens Næringsliv (DN) and Fædrelandsvennen in Kristiansand […]
Drought blamed for high power rates
July 13, 2018
The lengthy spell of hot and dry weather in central and southern Norway has sent electricity rates soaring. New figures show they’re now 90 percent higher than they were when they bottomed out exactly three years ago. State statistics bureau SSB (Statistics Norway) cited high temperatures and rapid melting of last winter’s record amounts of […]
Electricity rates set to jump
June 5, 2018
Norway’s once-reasonable electricity rates look set to rise again, this time because of a surprising lack of water in mountain reservoirs that had been expected to generate hydro-electric power. A recent heat wave over Southern Norway prompted more snow and ice to evaporate instead of melting and filling dams. Summer usually brings lower electricity bills, […]
Sparks fly over the EU energy union
March 12, 2018
Debate over whether Norway should join the EU’s new energy union, and thus subject itself to EU market regulation, was reaching fever pitch this week. The issue has divided not only the Parliament but also the already-weakened Labour Party, as fears rise over the potential for much higher electricity rates that would hurt not only […]
Bitter cold boosts electricity rates
February 28, 2018
Norway has long enjoyed relatively reasonable electricity rates because of its vast reserves of hydroelectric power, but they hit their highest level in more than a year this month. Bitterly cold temperatures are to blame. “When cold weather sets in, demand rises for electricity,” noted Stina Johansen of the electricity exchange NordPool. She told news […]
Holiday lights help brighten the nights
December 25, 2017
PHOTO FEATURE: Stores closed and streets fell silent as Norway settled into its traditional three-day Christmas celebrations on julaften (Sunday this year). Massive arrays of holiday lights, however, will continue to brighten the darkness of mid-winter in Oslo and other cities, exactly 125 years after Norway’s capital got its first electric streetlamps. It wasn’t always […]
New meters may raise electricity bills
December 8, 2016
Hafslund Nett, the major network supplier of electricity in the Oslo area, has begun the process of replacing all of the roughly 700,000 electricity meters in its region. The new “smart” meters will eliminate the need for customers to send in meter readings, but are also likely to leave them with higher bills. Installation of the new meters, which […]
Another strike can cut out electricity
October 25, 2016
Just as signs emerged that Norway’s train strike may be rolling towards a settlement, another strike threatened to result in power failures around the country. Hundreds of thousands of electricity customers may be affected after a strike by electrical workers spread again this week. The strike has been underway since talks broke down more than a month […]
IEA urges higher electricity rates
May 23, 2016
If there’s one thing that’s relatively reasonably priced in Norway, it’s electricity, but international experts think electricity rates could and should double within the next 15 years. They also think diesel- and gasoline-driven cars will all but disappear by 2050. These are among conclusions in a new report from the International Energy Agency (IEA), the independent organization set […]
Electricity bills going up
February 15, 2016
Full reservoirs in the mountains of Norway were expected to provide an abundant supply of hydroelectric power this winter, and keep household electricity bills low. Higher taxes on electricity, however, mean most Norwegians are seeing a rise in their monthly bills. News bureau NTB reports that higher consumption tax is being tacked on to the so-called […]
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