• 2026.11.11 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
[등록] 2026-09-01 15:48:31
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
    • Pet Life
    • Halal Horizon
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Bong-seon's Photo Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > Synthesis

Record high electricity rates in Norway this week are due to low alternative energy production and high demand for electricity in Europe.

Eugenio Rodolfo Sanabria Reporter / Updated : 2025-01-01 17:02:30
  • -
  • +
  • Print

Norway's abundant hydroelectric power used to keep rates low, but with its integration into the European market, hydro-electricity generated in Norway is sent via cables to Europe. This week, when Europe’s own alternative energy sources didn’t produce enough, especially in Germany and Denmark, Norway had to send a lot of electricity to Europe.

Consumers in southwestern Norway are facing rates including power-line distribution, taxes and fees of more than NOK 13 (EUR 1.12) per kilowatt hour (kwh). The average rate for electricity alone was NOK 4.09, double what consumers were expected to face in Italy.

Residents of Stavanger and Kristiansand in the southwest were being warned that a five-minute hot shower would cost the equivalent of around NOK 50 Thursday morning, and that it would cost more than NOK 500 (EUR 43) to charge up an electric car with a 50kWh battery.

Residents in the northern part of Norway faced much lower rates, down to just NOK 0.12 in Nordland, Troms and Finnmark, because of how the power grid is distributed.

The government has put in place state subsidy support programs to cut actual monthly bills for Norwegian households, down to as low as NOK 2/kWh. However, the state support (called strømstøtte) doesn't extend to businesses or secondary residences.

Business organizations call for more expansion of Norway’s own power production and distribution, but government officials admit Norway “no longer has control” over its electricity market.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #seoulkorea
  • #periodicoeconomico
  • #글로벌이코노믹타임즈
  • #GET
  • #GETtv
  • #대한민국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #my
Eugenio Rodolfo Sanabria Reporter
Eugenio Rodolfo Sanabria Reporter

Popular articles

  • Nearly 900 Schools Temporarily Closed as 'Flu' Epidemic Sweeps Japan

  • AI Companies Rush to Go Public, But Face Sudden Brakes Amid Cooling Investor Sentiment

  • Singapore and Brunei Sign Landmark MOU on Mutual Recognition of Halal Certificates

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065600088778795 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Bridging Distances: Africa and the Middle East Korean Communities Forge Historic Regional Alliance in Addis Ababa
  • Beyond the Clean Bill of Health: Why You Still Feel Unwell After Normal Test Results
  • Echoes of Baek Seok in Dalian: A Poetry Recital Bridging Divides and Generations
  • Global Fossil Fuel Carbon Emissions Expected to Drop by 0.4% Despite Economic Growth
  • South Korea's Real Estate Sector Emphasizes Human Trust Amid AI Integration
  • Korea’s Trade Insurer Fuels Record-Breaking Export Drive with 100 Trillion Won in SME Support

Most Viewed

1
South Korea and Ethiopia Sign Trilateral MOU to Introduce Liquid-Based Cytology (LBC) Technology for Cervical Cancer Diagnosis
2
US Army Conducts Rare Temporary Burial Drills to Prepare for Worst-Case Large-Scale War Scenarios
3
World Citizens are Flying Directly to Busan... The Era of 4 Million Foreigners is Just Around the Corner
4
From Kim Whanki to Pokémon Cards... Seoul Auction Opens the Floodgates
5
Eating 100g of Baechu Kimchi Daily Linked to Lower High-Cholesterol Risks
체리가든 스토리
nutri huevos
로타리
동포저널

Hot Issue

LG Electronics and Skyscanner Partner to Bring Smart Travel Planning to Living Rooms

Regional Tourism in South Korea Struggles as Infrastructure Lags Behind Inbound Airport Growth

Miky Lee Honored with Asian Hall of Fame’s Centennial Medal for Pioneering Global K-Culture

Fashion Runway Show 2026

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • News K
  • 반달곰 프로젝트
  • 광고문의
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being 
    • 전체
    • Pet Life
    • Halal Horizon
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Bong-seon's Photo Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Overseas Koreans
  • Multicultural News