The average wholesale electricity price in September 2025 in Norway is forecast to amount to****** euros per megawatt-hour. The country's electricity prices reached a record high in August 2022, at *** euros per megawatt-hour, the result of the global energy crisis and a drought that hit the country that summer.

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. Meanwhile, users with a consumption greater than 2,500 and lower than 5,000 kilowatt-hours paid an average of 18.9 euro cents per kilowatt-hours in 2023.

NO: Electricity Price: HC: Less Than 1000 KwH: incl All Taxes & Levies data was reported at 0.534 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.510 EUR/kWh for Jun 2024. NO: Electricity Price: HC: Less Than 1000 KwH: incl All Taxes & Levies data is updated semiannually, averaging 0.431 EUR/kWh from Dec 2007 (Median) to Dec 2024, with 35 observations. The data reached an all-time high of 0.534 EUR/kWh in Dec 2024 and a record low of 0.360 EUR/kWh in Dec 2020. NO: Electricity Price: HC: Less Than 1000 KwH: incl All Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Norway – Table NO.Eurostat: Electricity Price: Household Consumers.

Graph and download economic data for Harmonized Index of Consumer Prices: Electricity for Norway (CP0451NOM086NEST) from Jan 1996 to Oct 2025 about Norway, electricity, harmonized, CPI, price index, indexes, and price.

Norwegian non-household consumers have seen a growth in the price of electricity in 2021 and 2022, during the global energy crisis. In 2022, the average price stood at almost 18 euro cents per kilowatt-hour for users with an annual consumption greater than 500 and lower than 2,000 megawatt-hours. For an annual consumption greater than 20,000 and lower than 70,000 megawatt-hours, non-residential electricity prices reached 15.43 euro cents per kilowatt-hour.

NO: Electricity Price: NC: NH: Total kWh: excl Taxes & Levies data was reported at 0.697 NOK/kWh in Jun 2024. This records an increase from the previous number of 0.644 NOK/kWh for Dec 2023. NO: Electricity Price: NC: NH: Total kWh: excl Taxes & Levies data is updated semiannually, averaging 0.793 NOK/kWh from Dec 2021 (Median) to Jun 2024, with 6 observations. The data reached an all-time high of 1.274 NOK/kWh in Dec 2022 and a record low of 0.644 NOK/kWh in Dec 2023. NO: Electricity Price: NC: NH: Total kWh: excl Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Norway – Table NO.Eurostat: Electricity Price: Non-Household Consumers.

NO: Electricity Price: NH: Less Than 20 MwH: excl VAT & Other Recoverable Taxes & Levies data was reported at 0.111 EUR/MWh in Jun 2024. This records an increase from the previous number of 0.099 EUR/MWh for Dec 2023. NO: Electricity Price: NH: Less Than 20 MwH: excl VAT & Other Recoverable Taxes & Levies data is updated semiannually, averaging 0.092 EUR/MWh from Dec 2007 (Median) to Jun 2024, with 34 observations. The data reached an all-time high of 0.198 EUR/MWh in Dec 2022 and a record low of 0.058 EUR/MWh in Dec 2020. NO: Electricity Price: NH: Less Than 20 MwH: excl VAT & Other Recoverable Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Norway – Table NO.Eurostat: Electricity Price: Non-Household Consumers.

The average electricity price, excluding taxes, in Norway was ***** øre per kilowatt-hour in 2022, a rise of nearly ** percent compared to the previous year. Norway's electricity production is sourced almost entirely from hydroelectric power stations, which account for **** percent of production. As such, electricity prices are reliant on the performance of these power stations, which may be dependent on various factors, including weather.

NO: Electricity Price: NC: NH: Between 70000 & 149999 MwH: excl Taxes & Levies data was reported at 0.570 NOK/MWh in Jun 2024. This records a decrease from the previous number of 0.584 NOK/MWh for Dec 2023. NO: Electricity Price: NC: NH: Between 70000 & 149999 MwH: excl Taxes & Levies data is updated semiannually, averaging 0.324 NOK/MWh from Dec 2007 (Median) to Jun 2024, with 34 observations. The data reached an all-time high of 1.512 NOK/MWh in Dec 2022 and a record low of 0.154 NOK/MWh in Dec 2007. NO: Electricity Price: NC: NH: Between 70000 & 149999 MwH: excl Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Norway – Table NO.Eurostat: Electricity Price: Non-Household Consumers.

In the week starting October 6th, 2025, the lowest day-ahead price of electricity traded on the NordPool spot market was recorded in Norway at **** euros per megawatt-hour. The highest day-ahead price was recorded in Denmark at *******euros per megawatt-hour. The Nordic spot market is divided into sub-regions to balance production and consumption, and avoid congestion of the electricity grid. Only a part of the electricity supplied to Denmark, Sweden, Finland, and Norway is sold on the NordPool market, with the remainder exchanged through long-term or bilateral contracts.

Electricity price forecasting (EPF) is a branch of energy forecasting which focuses on predicting the spot and forward prices in wholesale electricity markets. Over the last 15 years electricity price forecasts have become a fundamental input to energy companies’ decision-making mechanisms at the corporate level.

This dataset is a sample of day ahead spotprices in Denmark(DK) and neighboring countries. Prices in DKK are not updated during weekends and on public holidays. Prices in DKK will be updated at the first coming work day.

In Nord Pool Spot market players can buy and sell electricity for delivery the following day in their own area - Norway, Sweden, Finland, Denmark or Germany. The day-ahead prices indicate the balance between supply and demand. Nord Pool

Features :

• Hour UTC: A date and time (interval), shown in UTC time zone, where the values are valid. 00:00 o’clock is the first hour of a given day interval 00:00 - 00:59 and 01:00 covers the second hour (interval) of the day and so forth. Please note: The naming is based on the length of the interval of the finest grain of the resolution.

• Hour DK: A date and time (interval), shown in Danish time zone, where the values are valid. 00:00 o’clock is the first hour of a given day, interval 00:00 - 00:59, and 01:00 covers the second hour period (interval) of the day and so forth.

• Price area: Same as bidding zone. Denmark is divided in two price areas, or bidding zones, divided by the Great Belt. DK1 is west of the Great Belt and DK2 is east of the Great Belt.

• Spot price (DKK): Day ahead Spot Price in the price area(The day-ahead prices indicate the balance between supply and demand.)[Unit: DKK per MWh]

• Spot price (EUR): Day ahead Spot Price in the price area(The day-ahead prices indicate the balance between supply and demand.) [Unit: EUR per MWh]

more: tso-electricity

Inspiration:

• Time-series analysis
• Univariate single and multistep electricity spot price forecasting

Norway NO: Residential Electricity Price: USD per kWh data was reported at 0.130 USD/kWh in 2021. This records an increase from the previous number of 0.070 USD/kWh for 2020. Norway NO: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.100 USD/kWh from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 0.140 USD/kWh in 2003 and a record low of 0.070 USD/kWh in 2020. Norway NO: Residential Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Norway – Table NO.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.

The natural gas prices for household end users (including taxes, levies, and VAT) in Norway increased by 3.8 euro cents per kWh (+20.81%) in the second half of 2021. With 22.06 euro cents per kWh, the natural gas prices thereby reached their highest value in the observed period.The prices include electricity/basic price, transmission, system services, meter rental, distribution and other services.

In the third quarter of 2025, Bermuda had the highest household electricity prices worldwide, followed by Ireland, Italy, and Germany. At the time, Irish households were charged around 0.44 U.S. dollars per kilowatt-hour, while in Italy, the price stood at 0.42 U.S. dollars per kilowatt-hour. By comparison, in Russia, residents paid almost 10 times less. What is behind electricity prices? Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices. Reliance on fossil fuel imports Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations.

Electricity Day ahead Spot Prices Data

In Nord Pool Spot market players can buy and sell electricity for delivery the following day in their own area - Norway, Sweden, Finland, Denmark or Germany. The day-ahead prices indicate the balance between supply and demand.

Data is from 2024-02-22 to 2015-02-01

Hour UTC: A date and time (interval), shown in UTC time zone, where the values are valid. 00:00 o’clock is the first hour of a given day interval 00:00 - 00:59 and 01:00 covers the second hour (interval) of the day and so forth. Please note: The naming is based on the length of the interval of the finest grain of the resolution.

Hour DK: A date and time (interval), shown in Danish time zone, where the values are valid. 00:00 o’clock is the first hour of a given day, interval 00:00 - 00:59, and 01:00 covers the second hour period (interval) of the day and so forth.

Price area: Same as bidding zone. Denmark is divided in two price areas (bidding zones) divided by the Great Belt. DK1 is west of the Great Belt and DK2 is east of the Great Belt.

Note: The SYSTEM price is the unlimited balancing price at the Nordic electricity market irrespective of capacity congestions in the individual interconnections between the areas. The system price therefore serves as a reference price to which the area prices can be compared.

If Price area is “DK”, the data covers all Denmark. (Some datasets contain a limited number of price areas.)

Spot price (DKK): Day ahead spot price in the price area. (The day-ahead prices indicate the balance between supply and demand.)

Spot price (EUR): Day ahead spot price in the price area. (The day-ahead prices indicate the balance between supply and demand.)

https://www.energidataservice.dk/tso-electricity/Elspotprices

As of November 2025, Denmark had the highest average day-ahead electricity price among Nordic countries, amounting to ***** euros per megawatt-hour. Over the past few years, electricity prices soared in the Nordic region, the result of a global energy crisis that affected fossil fuels and electricity prices. Price variations across Nordic countries While Denmark had the highest electricity prices in October 2025, other Nordic countries see varying rates. Norway, for instance, recorded the lowest day-ahead weekly price at just **** euros per megawatt-hour that same month. This stark contrast underscores the regional differences in electricity production and consumption patterns across the Nordic countries. Electricity traded outside of the NordPool market is not reflected in these prices. Factors influencing Nordic electricity prices The disparity in electricity prices across Nordic countries can be attributed to various factors, including reliance on different energy sources. Iceland, for example, benefits from its fully clean electricity sector, resulting in some of the lowest household electricity prices in the region. In contrast, countries like Denmark and Finland face higher prices due to their partial dependence on fossil fuels. For non-residential consumers, prices also vary significantly, with Iceland offering the lowest rates at ***** euro cents per kilowatt-hour and Denmark the highest at ******euro cents per kilowatt-hour for annual consumption below ***** megawatt-hours in the first half of 2025. Despite having the highest industrial electricity prices among Nordic countries, Denmark's rates remain competitive compared to other European countries like Italy or Germany.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Norway (CPGREN01NOM657N) from Jan 1979 to Dec 2023 about Norway, fuels, electricity, energy, gas, CPI, price index, indexes, and price.

The average spot market price for electricity in Norway peaked in 2022, reaching *** øre per kilowatt-hour. The spot electricity price in the Nordic country is formed on the NordPool power market.

In 2023, the United Kingdom had the highest industry electricity price worldwide, reaching 25.46 pence per kilowatt-hour. By comparison, the Norway had the lowest price among the listed countries, at 5.31 pence per kilowatt-hour.

This dataset was collected to understand how Norwegian households responded to the electricity price shock due to the European energy crisis. It consists of consumer characteristics and their self-reported responses to the extraordinarily high electricity prices which were collected by a survey of 4,446 consumers. The consumer characteristics contain information about socio-demographics such as income, age, education, number of residents, residence type, residence size, and how conscious the respondents are about their electricity consumption. Furthermore, major electricity-consuming appliances are identified, such as whether the residents have an electric vehicle and how they heat their homes, and if they have a variable electricity tariff. In addition, hourly metered electricity consumption data covering October 2020 to March 2022 from a subset of 1,136 residential consumers of the surveyed households and the total hourly residential electricity consumption per Norwegian bidding area from July 2019 to July 2022as well as the hourly day-ahead electricity prices are included in the dataset. These data are interesting to researchers that aim to gain insight into the electricity consumption behaviour of the residential sector and the impact of different socio-demographic variables.

A detailed description is available as a data article in Data in Brief: Norwegian hourly residential electricity demand data with consumer characteristics during the European energy crisis - ScienceDirect

Supplementary figures containing the survey results are available here: Supplementary result diagrams from household surveys on implicit demand response (zenodo.org)

Survey answers in Norwegian are available here: iFleks-prosjekt: Spørreundersøkelser med husholdninger og næringsliv om forbruksrespons på elektrisitetspriser