Norway electricity prices

Norway
Electricity prices
 Residential price 0.108
 Business price 0.082
 Measure USD / kWh
 Reference September 2023
 Data availability March 2019 - March 2024
 Data frequency Quarterly
Norway, September 2023: The price of electricity for households is NOK 1.140 per kWh or USD 0.108 per kWh. The electricity price for businesses is NOK 0.865 kWh or USD 0.082 per kWh. This includes all components of the electricity bill such as the cost of power, distribution and taxes. For comparison, the average price of electricity in the world for that period is USD 0.156 per kWh for households and USD 0.152 per kWh for businesses.

We calculate several data points at various levels of electricity consumption for both households and businesses but on the chart we show only two data points. For households, the displayed number is calculated at the average annual level of household electricity consumption. For businesses, the displayed data point uses 1,000,000 kWh annual consumption.

The latest business and household electricity price data from March 2024 are available for download.
Electricity prices for households, September 2023
(kWh, U.S. Dollar)
0.002
0.003
0.006
0.006
0.006
0.008
0.013
0.014
0.015
0.015
0.016
0.017
0.020
0.021
0.023
0.026
0.026
0.028
0.029
0.029
0.032
0.040
0.044
0.046
0.047
0.047
0.048
0.048
0.050
0.051
0.052
0.053
0.053
0.055
0.059
0.061
0.064
0.065
0.065
0.067
0.069
0.073
0.075
0.076
0.077
0.078
0.080
0.083
0.087
0.088
0.090
0.090
0.093
0.095
0.096
0.097
0.100
0.108
0.110
0.113
0.113
0.113
0.115
0.116
0.118
0.120
0.121
0.121
0.123
0.124
0.125
0.127
0.131
0.131
0.133
0.137
0.140
0.143
0.145
0.146
0.149
0.150
0.155
0.156
0.156
0.161
0.163
0.168
0.169
0.170
0.172
0.175
0.175
0.177
0.180
0.181
0.184
0.184
0.185
0.192
0.193
0.197
0.198
0.202
0.204
0.205
0.206
0.209
0.210
0.210
0.212
0.213
0.215
0.216
0.217
0.217
0.222
0.232
0.233
0.238
0.239
0.245
0.250
0.254
0.256
0.267
0.281
0.281
0.284
0.296
0.310
0.312
0.312
0.331
0.333
0.347
0.349
0.358
0.368
0.401
0.402
0.421
0.434
0.446
0.448
0.453
0.461
0.537
0
0.1
0.3
0.4
0.54
Sources: Norges vassdrags- og energidirektorat (NVE), Statistisk sentralbyrå
Norway: Electricity price analytics
   Values
 Residential / World average price    69.64 %
 Residential / Europe average    45.02 %
 Business / World average price    53.57 %
 Business / Europe average    39.21 %
 Residential / Business price    131.79 %
 Low / High income households    142.16 %
 Small / Large businesses    130.09 %
Updated quarterly. Methodological notes
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