Average residential ESS price per 10kWh in Norway

The residential electricity price in Norway is NOK 1.917 per kWh or USD 0.191. The electricity price for businesses is NOK 1.024 kWh or USD 0.102. These retail prices were collected in December 2024 and include the cost of power, distribution and transmission, and all taxes and fees.
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These retail prices were collected in December 2024 and include the cost of power, distribution and transmission, and all taxes and fees. Compare Norway with 150 other countries.

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6 FAQs about [Average residential ESS price per 10kWh in Norway]

What happened to electricity prices in Norway in 2023?

In 2023, Norwegian households saw a decrease in the price of electricity. Electricity prices peaked in 2022 at some 31.26 euro cents per kilowatt-hour for users with an annual consumption greater than 1,000 and lower than 2,500 kilowatt-hours.

How does rainfall affect electricity production in Norway?

Given that hydroelectric power dominates Norway’s energy scene, the amount of rainfall the country receives directly impacts electricity production. Abundant rainfall usually corresponds to higher production and potentially lower prices, while dry periods can result in higher prices due to decreased production.

How is electricity support calculated in the electricity price statistics?

From 3. quarter 2023, the electricity support in the electricity price statistics is calculated from the hourly electricity support level published by NVE, using hourly houshold electricity consumption from Elhub as weights.

What are the taxes for households in Norway?

Taxes for households consists 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.

How can insulation reduce electricity costs in Norway?

Given Norway’s cold climate, a significant portion of electricity costs can come from heating. Proper insulation can significantly reduce these costs. Ensure your windows, doors, and walls are adequately insulated. If you’re renting, speak with your landlord about potential insulation upgrades.

How much is a MWh in Norway?

This is -65% less than yesterday. In Norway 's local currency this equivalent to 65 NOK MWh, or 0.07 NOK kWh.

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