Government won’t cap electricity rates

As Norwegians brace for more shockingly high electricity bills this month, they can’t expect much if any help from the government. Oil & Energy Minister Kjell-Børge Freiberg is rejecting calls to set a maximum level and thus cap rates before they go any higher. The calls are coming from thousands of Norwegians over social media, […]

Electricity rates hit record highs

Wildly changing weather patterns last year, and a lack of snow in the mountains, have sent electricity rates soaring. Norwegian consumers are getting some shocking bills this month, double what they were at this time last year. Newspaper Dagens Næringsliv (DN) reported on Wednesday that electricity rates have never been so high in Norway, a […]

Power speculator’s losses cost others

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

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

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, […]

New meters may raise electricity bills

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 […]

Book lists Norway’s ‘most powerful’

Prime Minister Erna Solberg and Finance Minister Siv Jensen were, not surprisingly, included among Norway’s 252 most powerful people in a new book released on Tuesday. The list doesn’t rank those deemed most powerful other than in alphabetical order, but Solberg and Jensen made it into a selection of 25 people from politics, business, labour, academia, […]

Electricity bills going up

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 […]

Extreme cold sets electricity records

An Arctic freeze that descended first on Northern Norway, and now on Southern Norway, has led to record levels of electricity consumption in the country’s most northerly counties. Never before had they used as much electricity as they did on Wednesday of this week. Statnett, in charge of Norway’s power grid, reported that Finnmark, Troms […]

Oslo, Bærum hit by major power failure

Wide areas of downtown Oslo, the western districts of the capital and the neighbouring suburb of Bærum were hit by power failures around midday on Wednesday. The Parliament and Oslo’s metro system were among those blacked out. The utility company Hafslund, which also had problems with its website, confirmed that more than 50,000 customers in […]