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POWER: Norway’s "Norway price" Scheme Will Not Disrupt Market Signals: Minister

POWER
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Norway’s "Norway price" scheme to shield consumers from power price spikes will not disrupt the wholesale power market or distort price signals, Energy Minister Terje Aasland said, cited by Reuters.

  • The "Norway price" plan guarantees consumers a fixed price of 0.40 Norwegian crowns (€0.0342) per kWh, with the scheme set to be introduced on 1 October and last one year.
  • Aasland emphasised that the scheme, aimed at end-users, would not affect incentives for power producers or distort supply and demand signals in the wholesale market.
  • Consumers will have the option to choose between the new Norway price and existing subsidies, including for second homes and holiday cabins.
  • Most Norwegian households currently have flexible spot contracts, which are tied to the fluctuating prices in the wholesale market.
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Norway’s "Norway price" scheme to shield consumers from power price spikes will not disrupt the wholesale power market or distort price signals, Energy Minister Terje Aasland said, cited by Reuters.

  • The "Norway price" plan guarantees consumers a fixed price of 0.40 Norwegian crowns (€0.0342) per kWh, with the scheme set to be introduced on 1 October and last one year.
  • Aasland emphasised that the scheme, aimed at end-users, would not affect incentives for power producers or distort supply and demand signals in the wholesale market.
  • Consumers will have the option to choose between the new Norway price and existing subsidies, including for second homes and holiday cabins.
  • Most Norwegian households currently have flexible spot contracts, which are tied to the fluctuating prices in the wholesale market.