Norway electricity prices
The residential electricity price in Norway is
NOK 1.658 per kWh or USD 0.148.
The electricity price for businesses is
NOK 1.055 kWh or
USD 0.094.
These retail prices were collected in June 2024 and include the cost of power, distribution and transmission, and all taxes and fees.
Compare Norway with 150 other countries.
Historical quarterly data, along with the latest update from December 2024 are available for download.
Sources: Norges vassdrags- og energidirektorat (NVE), Statistisk sentralbyrå
Electricity price analysis for Norway
- Residential electricity prices in Norway are 102.08% of the world average electricity price and 69.43% of the average price in Europe.
- Business electricity rates in Norway are 65.98% of the world average price and 51.78% of the average in Europe.
- Household rates are 157.16% of the business rates.
- Electricity prices paid by small businesses in Norway are 128.86% of the prices paid by big businesses.
- The price paid by households with low electricity consumption is 248.35% of the price paid by households with high electricity consumption.
The energy mix of Norway
Based on the United States Energy Information Adminstration data from 2022, electricity in Norway is produced from the following sources: fossil fuels 0.53%,
wind 10.34%,
solar 0.12%,
hydro 89.01%,
nuclear 0.00%, and
geothermal 0.00%.
You can also compare the energy mix of Norway to other countries.
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