“Norwegians have saved nearly 20 billion on the ‘Norway price’ – you’ll soon need to re-register,” announces Norwegian News Agency NTB in the headline of a report on Thursday morning.
The report begins by relaying Energy Minister Terje Aasland’s summary of the first year of this fixed-price electricity scheme:
If you want to continue with ‘Norgespris’ next year, you’ll need to re-register soon. After one year of the scheme, Norwegians have saved 19.8 billion kroner, according to the government.
– The trend in electricity prices in 2026 shows that ‘Norgespris’ has been important. ‘Norgespris’ has given people more predictable electricity bills and peace of mind for their wallets,’ says Energy Minister Terje Aasland (Labour Party) in a press release.
He has now released preliminary figures on how much the state has paid out to households and holiday homes under the ‘Norgespris’ scheme during its first year, up to 1 October this year.
The figure in question is 19.8 billion kroner.
The NTB report also includes an appeal to the public:
But it is now almost time to renew your contract.
When ‘Norgespris’ was launched last autumn, those wishing to join the scheme could register for a fixed-term contract running until 31 December 2026.
This means that the current ‘Norgespris’ agreement is due to expire soon.
– From 2027, you must actively re-register if you still wish to have Norgespris, even if you already have it today, the government states.
Norgespris is registered via Elhub. There you can also see how much you have saved on the ‘Norgespris’ so far.
However, the background to the introduction of the ‘Norgespris’ – or any perspectives on the scheme other than the government’s – is not set out in the white paper.
Electricity prices in southern Norway rose sharply after the power cables to Germany and the UK came into operation in 2020–2021 and electricity exports from Norway subsequently increased significantly.
The ‘Norway Price’ was introduced to protect Norwegian electricity customers from prices much higher than they were used to, but many are nevertheless paying higher electricity bills today than before the increase in exports.
“It is primarily in southern Norway that the ‘Norway price’ has proved beneficial,” summarises NTB.
