Feb 16 • 07:57 UTC 🇳🇴 Norway Aftenposten

Lowest electricity price since 2020 last year

Electricity prices for households in Norway have fallen by 2% from 2024 to 2025, resulting in the lowest prices since 2020.

In Norway, electricity prices for households have decreased by 2% from 2024 to 2025, leading to the lowest recorded electricity price since 2020. The overall price, including taxes and network fees but before government subsidies, was reported at 141.7 öre per kilowatt-hour, according to Statistics Norway (SSB). This represents a modest increase above the average price over the preceding five years, with 2020 marking the only lower price in the available statistics.

The price of electricity has shown significant variation across different regions of the country, with the highest prices typically found in the south compared to the north. For example, in January, which was extremely cold—marked as the coldest January since 2010—there was a noted surge in electricity consumption. Statistics from Fortum indicated that the average monthly price in Eastern Norway for January reached 158.98 öre per kilowatt-hour, a substantial rise of 57.15 öre compared to December of the previous year, highlighting how seasonal and climate factors can impact electricity costs.

Senior advisor Thomas Aanesen from SSB pointed out that the fluctuation in electricity prices over the years underscores the influence of various external factors, including weather conditions and consumption patterns. While consumers may experience relief from lower overall prices, the variations in pricing from region to region suggest that upcoming price shifts may still be expected, particularly during extreme weather events and changing demand.

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