Norway NO: Electricity Price: HC: Between 1000 & 2499 KwH: incl All Taxes & Levies data was reported at 0.314 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.311 EUR/kWh for Jun 2024. Norway NO: Electricity Price: HC: Between 1000 & 2499 KwH: incl All Taxes & Levies data is updated semiannually, averaging 0.270 EUR/kWh from Dec 2007 (Median) to Dec 2024, with 35 observations. The data reached an all-time high of 0.338 EUR/kWh in Dec 2022 and a record low of 0.214 EUR/kWh in Dec 2020. Norway NO: Electricity Price: HC: Between 1000 & 2499 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.

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.

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.

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.

Norway Electricity Price: excl Taxes: Households: Variable Price Contracts data was reported at 44.400 Ore/kWh in Mar 2018. This records an increase from the previous number of 39.000 Ore/kWh for Dec 2017. Norway Electricity Price: excl Taxes: Households: Variable Price Contracts data is updated quarterly, averaging 35.100 Ore/kWh from Mar 2012 (Median) to Mar 2018, with 25 observations. The data reached an all-time high of 44.400 Ore/kWh in Mar 2018 and a record low of 23.500 Ore/kWh in Sep 2012. Norway Electricity Price: excl Taxes: Households: Variable Price Contracts data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.P004: Electricity Price: End Users: by Type of Contract.

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.

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.

Norway NO: Electricity Price: HC: Total kWh: excl Taxes & Levies data was reported at 0.083 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.098 EUR/kWh for Dec 2023. Norway NO: Electricity Price: HC: Total kWh: excl Taxes & Levies data is updated semiannually, averaging 0.127 EUR/kWh from Dec 2021 (Median) to Dec 2024, with 6 observations. The data reached an all-time high of 0.219 EUR/kWh in Dec 2022 and a record low of 0.083 EUR/kWh in Dec 2024. Norway NO: Electricity Price: HC: 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: Household Consumers.

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.

Norway NO: Electricity Price: HC: 15000 KwH & Above: excl Taxes & Levies data was reported at 0.074 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.093 EUR/kWh for Jun 2024. Norway NO: Electricity Price: HC: 15000 KwH & Above: excl Taxes & Levies data is updated semiannually, averaging 0.075 EUR/kWh from Dec 2007 (Median) to Dec 2024, with 35 observations. The data reached an all-time high of 0.213 EUR/kWh in Dec 2022 and a record low of 0.045 EUR/kWh in Dec 2020. Norway NO: Electricity Price: HC: 15000 KwH & Above: 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: Household Consumers.

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 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.

Norway Electricity Price: Households: incl Taxes data was reported at 54.400 Ore/kWh in Jun 2018. This records an increase from the previous number of 51.800 Ore/kWh for Mar 2018. Norway Electricity Price: Households: incl Taxes data is updated quarterly, averaging 38.600 Ore/kWh from Mar 2012 (Median) to Jun 2018, with 26 observations. The data reached an all-time high of 54.400 Ore/kWh in Jun 2018 and a record low of 24.300 Ore/kWh in Sep 2012. Norway Electricity Price: Households: incl Taxes data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.P005: Electricity Price, Grid Rent and Taxes: Households.

In 2022, the electricity tax in Norway stood at **** øre per kilowatt-hour. This represents a growth of nearly ** percent compared to the previous year and the peak of the period of consideration. Pre-tax electricity prices in the country reached *** øre per kilowatt-hour in 2022.

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.

Norway NO: Electricity Price: National Currency (NC): NH: Total kWh: incl All Taxes & Levies data was reported at 0.933 NOK/kWh in Jun 2024. This records an increase from the previous number of 0.867 NOK/kWh for Dec 2023. Norway NO: Electricity Price: National Currency (NC): NH: Total kWh: incl All Taxes & Levies data is updated semiannually, averaging 1.050 NOK/kWh from Dec 2021 (Median) to Jun 2024, with 6 observations. The data reached an all-time high of 1.652 NOK/kWh in Dec 2022 and a record low of 0.867 NOK/kWh in Dec 2023. Norway NO: Electricity Price: National Currency (NC): NH: Total 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: Non-Household Consumers.

The Nordic countries of Iceland, Norway, Finland, and Sweden recorded the largest electricity demand per capita in Europe over the last few years. In 2023, Iceland’s per capita electricity demand averaged at almost 52 megawatt-hours per person, more than twice the consumption of runner-up Norway. Meanwhile, France, the largest electricity producer among the European Union countries, had an average per capita consumption of seven megawatt-hours in 2024. Why is electricity consumption so high in Iceland? The intense electricity consumption in Iceland stems from a combination of factors. On the one hand, due to its abundant natural resources, hydro and geothermal are the main sources of electricity generation in Iceland, allowing the country to produce power at high reliability and very low costs. Meanwhile, on the demand side, Iceland is home to some particularly energy-intensive industries – in 2023, it ranked among the largest aluminum smelter producers worldwide. To top it off, electricity demand is also high on the household sector side, due to the Nordic country’s long, dark, and cold winters. A similar combination of factors can also be found in Norway. How cheap is electricity in Iceland? In 2024, household electricity prices in Iceland averaged between 18 and 22.2 euro cents per kilowatt-hour, depending on the level of demand. In comparison to the average household electricity price in the European Union in the same period, it was around 40 percent cheaper. Iceland had one of the lowest residential electricity prices in Europe. On the other side of the spectrum, Germany, Denmark, and Belgium reported the highest prices in the region.

Norway NO: Electricity Price: National Currency (NC): HC: Total kWh: incl All Taxes & Levies data was reported at 1.322 NOK/kWh in Dec 2024. This records a decrease from the previous number of 1.397 NOK/kWh for Dec 2023. Norway NO: Electricity Price: National Currency (NC): HC: Total kWh: incl All Taxes & Levies data is updated semiannually, averaging 1.500 NOK/kWh from Dec 2021 (Median) to Dec 2024, with 6 observations. The data reached an all-time high of 1.717 NOK/kWh in Dec 2021 and a record low of 1.322 NOK/kWh in Dec 2024. Norway NO: Electricity Price: National Currency (NC): HC: Total 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.

Iceland is by far the largest per capita consumer of electricity worldwide, averaging 51.9 megawatt-hours per person in 2024. This results from a combination of factors, such as low-cost electricity production, increased heating demand, and the presence of energy-intensive industries in the country. Norway, Qatar, and Canada were also some of the world's largest electricity consumers per capita that year. China is the leading overall power consumer Power-intensive industries, the purchasing power of the average citizen, household size, and general power efficiency standards all contribute to the amount of electricity that is consumed per person every year. However, in terms of total electricity consumption, a country's size and population can also play an important role. In 2024, the three most populous countries in the world, namely China, the United States, and India, were also the three largest electricity consumers. Global electricity consumption on the rise In 2023, net electricity consumption worldwide amounted to over 27,000 terawatt-hours, an increase of 30 percent in comparison to a decade earlier. When compared to 1980, global electricity consumption more than tripled. On the generation side, the world is still strongly dependent on fossil fuels. Despite the world's renewable energy capacity quintupling in the last decade, coal and gas combined still accounted for almost 60 percent of global electricity generation in 2023.