Compensation scheme for high electricity prices

New electricity support scheme from 01.09.23

Changes in electricity support from 01.01.2025

The government has decided to change the electricity subsidy limit from 73 to 75 øre/kWh excluding VAT. The state still covers 90% beyond this.

Spot price time by time

The government has decided that from September 1, 2023, the electricity subsidy will be based on the spot price hour by hour instead of a monthly average. This means that each customer will receive an electricity subsidy that is linked to their own electricity consumption. The hours when the spot price is above NOK 0.75 per kilowatt hour will form the basis for the electricity subsidy.

The electricity subsidy will appear as a monthly average price on the invoice, just as before. The difference is that previously the average price was the same for all customers. Now it will be individual for each customer.

You do not need to apply for an electricity subsidy. The electricity subsidy is automatically deducted from your grid rent invoice.

Overview of all hourly rates

On the website of RME (Reguleringsmyndigheten for energi) you can see the price of the benefit rates hour by hour. Read more here: Support rate hour by hour – NVE

Read more about the government’s support here: https://www.regjeringen.no/no/tema/energi/regjeringens-stromtiltak/id2900232/?expand=factbox2900261

NVE also has a separate page with information about the electricity subsidy: https://www.nve.no/reguleringsmyndigheten/kunde/stroem/dette-er-stroemstoetteordningen-for-hoeye-stroempriser/