Electricity prices in Norway

Norway generates almost all of its electricity from hydropower, with wind adding a modest share, and it trades heavily with Sweden, Denmark, Germany and Great Britain through interconnectors. The retail market is liberalised and most households hold contracts that follow the hourly spot price, which differs between price zones in the north and south of the country.

Bills are issued in Norwegian kroner and have two parts: the power price from the chosen supplier and grid rent paid to the local network company, which includes consumption tax; the government has run a support scheme that covers part of the bill when prices spike. Electricity is the dominant heating source, with heat pumps and electric floor heating common, so consumption rises steeply in winter. The regulator RME oversees the market.