Electricity prices are skyrocketing. Energy Minister Terje Aasland (Ap) refers to it as “beyond”. Now the Labor Party comes up with a list of what they intend to do. The Labor Party’s program committee says no to renewing the two power cables to Denmark, which will become obsolete in 2026. They want to reduce the number of power cables to foreign countries. – We are now again experiencing that we have full magazines and yet we are getting absurd electricity prices back from the system. The system is out of control, says Are Tomasgard in the Labor Party’s program committee. – We will take back this control. Then we have to take action. The map shows the average electricity prices for one kilowatt hour in Norway’s electricity hotspot areas on 12 December. Source: Nordpool. The program committee in the Labor Party is working on designing the party’s new policy. The final programme, which forms the basis for the next parliamentary term, must be adopted at the national meeting in April. The reactions from other parties have not been long in coming. The Center Party believes that the agreement for the export cable to Great Britain must be renegotiated. KrF calls Aps’s plan panic and a lack of the necessary leadership. Read more reactions here. Record high electricity prices On Thursday, electricity costs NOK 13 in most parts of southern Norway. Energy analysts have not recorded a higher electricity price since 2009. Even though the electricity price is at a record high, the electricity subsidy ensures that people’s bills are significantly lower. – In the very worst hour of NOK 13, the electricity subsidy ensures that the price you and I pay is around NOK 2. It is still a high price to pay, but tomorrow the electricity subsidy will help a lot, says communications manager Atle Simonsen in Lyse. Therefore, the price of electricity is affected by wind in Europe: The price of electricity in Norway is affected by wind in Germany because we are connected to the European electricity market. When Germany produces a lot of wind power, electricity becomes cheaper and affects prices here. Low wind, on the other hand, means more expensive electricity from gas and coal, which also pushes up prices in Norway via the power cables. Winter and cold also make people demand more electricity, and in periods of both low supply of electricity and cold, prices will increase. Will not import high prices The Norwegian electricity support will continue on Friday. Kjerkol says that this is only a temporary solution. – We must have lasting solutions so that households and businesses do not experience high electricity prices to the extent we are now seeing. Kjerkol says that in southern Norway more power is produced than they themselves need, and that this should benefit Norwegian households and businesses. – We believe that in the longer term we must not renew the cables to Denmark. We must have an exchange to secure our own power needs, not import high prices. The map shows average electricity prices in Norway and Europe in kroner per kWh on 11 December. Source: IEA, Nordpool – Why haven’t you come up with this idea before? We have seen very high electricity prices in the last couple of years? asks news. – What goes on the cables is somewhat ahead of time. That’s why we’re going out with it now. We have guaranteed the electricity support scheme until 2026, and that is also when you do not renew these cables, Kjerkol replies. – The Labor Party has dropped in the polls lately. Is this an attempt to win back the voters? – We are very keen to get voters back, but the power situation is something we have worked on every day since we came into government, claims Kjerkol. This is how Norway has become more closely connected to Europe with power cables.Norway is part of a power market that is connected to Sweden, Denmark, Great Britain, Germany, Poland, Russia, the Netherlands and the Baltic countries with cables. The aim is to even out price differences and to strengthen energy security. A high-voltage power line transmits power from Sør-Trøndelag to Jämtland in Sweden for the first time. Since then, several lines have been built to Sweden and Finland. The submarine cables Skagerrak 1 and 2 were installed in the summer of 1976 and 1977. The transmission capacity was 500 megawatts. Since then, Norway has received two new cables to Denmark in 1993 and 2014. The power market was opened up with the Energy Act. Prices for power were to be governed by supply and demand. Sweden and Norway formed a joint power exchange, which Finland and Denmark later joined. The Nordned cable between Norway and the Netherlands will open in April 2008. The capacity is 700 megawatts. The fourth cable, Skagerrak 4, opened between Kristiansand and Tjele in Denmark at the turn of the year. Then the transmission capacity between the countries increased from 1,000 to 1,700 megawatts. The Solberg government decides to build a cable to Germany and Great Britain, each of 1400 megawatts. In December, trial operation of Nordlink, which runs between southern Norway and Germany, began. Since March 2021, the cable has been in normal operation. The capacity is 1400 megawatts. The cable between Suldal in Rogaland and Newcastle in the UK opened in October 2021. The transmission capacity is 1400 megawatts. Show more The Minister of Energy will not remove the VAT “Beyond” and “an absolutely terrible situation”. These are the words Energy Minister Terje Aasland uses about electricity prices on Wednesday. Photo: Sindre Thoresen Lønnes / news Energy Minister Terje Aasland replied in Dagsrevyen that he will not increase the electricity subsidy or remove the VAT. He acknowledges that there will be periods of high prices. – In Southern Norway, the water reservoirs are full, and it is not extremely cold. Nevertheless, they experience the highest electricity price. Why can’t you take better power grips? – We have taken important electricity measures, answers Aasland and refers to the electricity subsidy for households which means that the state covers 90 per cent of the price above 73 øre. This is the electricity subsidy: Electricity subsidy means that the government helps you with your electricity bill when electricity prices are high. Threshold price: You pay full price up to 73 øre per kWh (excl. VAT). You get support for everything above this. Support rate: 90 per cent of the price above 73 øre is covered by the state. Automatic deduction: The support is deducted directly from your bill, so you don’t have to do anything yourself. Example: If the electricity price is NOK 13 per kWh, you pay the first NOK 73 in full. Of the remaining NOK 12.27, you pay 10 percent, approximately NOK 1.23. In total, you pay NOK 1.7 per kWh (excl. VAT) after the electricity subsidy. The rest is covered by the state. Incl. VAT, the price is NOK 2.12. The electricity subsidy was introduced in December 2021 as a response to the high electricity prices in Norway. The scheme has since been extended and adjusted several times to help households with increased expenditure on electricity. The electricity subsidy has now been extended to expire in 2025. – In addition, we have arranged a fixed price agreement for the business sector, we have said no to several foreign connections, contrary to what the previous government did, precisely because we do not want more price contagion than we already have, Aasland replies . Freder cables in the Nordic countries There has been great opposition to wind power plants around the country. According to Tomasgard, Norwegians must also be open to the fact that we have to build out power plants in order to reduce electricity prices in Norway. Ap will still have cables in the Nordics that provide security of supply, assures Kjerkol. What they don’t want are many transmission lines, which she says creates a price contagion that is not acceptable for Norwegian electricity customers. Published 11.12.2024, at 16.58 Updated 11.12.2024, at 19.45
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Labor will scrap foreign cables – news Norway – Overview of news from various parts of the country
