{"id":14643,"date":"2022-09-22T04:08:45","date_gmt":"2022-09-22T04:08:45","guid":{"rendered":"https:\/\/teknomers.com\/en\/the-state-is-raking-in-an-extra-70-billion-in-electricity-this-year-news-norway-overview-of-news-from-different-parts-of-the-country\/"},"modified":"2022-09-22T04:08:46","modified_gmt":"2022-09-22T04:08:46","slug":"the-state-is-raking-in-an-extra-70-billion-in-electricity-this-year-news-norway-overview-of-news-from-different-parts-of-the-country","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/the-state-is-raking-in-an-extra-70-billion-in-electricity-this-year-news-norway-overview-of-news-from-different-parts-of-the-country\/","title":{"rendered":"The state is raking in an extra 70 billion in electricity this year – news Norway – Overview of news from different parts of the country"},"content":{"rendered":"\n

– We have made new estimates. They show that the state will have extraordinary income, beyond normal years, from hydropower of NOK 70 billion in 2022. This is what Energi Norge’s managing director Knut Kroepelien tells news. There are four main reasons why incomes are skyrocketing. – It is particularly about the so-called ground rent tax, i.e. the extraordinary value of hydropower. In addition, there is VAT, taxes and dividends to the owners through the fact that dividends are paid out to the state, says Kroepelien. Also in January, news wrote about how much extra the state could earn from the sky-high electricity prices this year. Then the estimate was NOK 18 billion extra for the state. Already after the first half of the year, the extra income was far higher than this, at NOK 25 billion. 56 billion in tax Kroepelin emphasizes that it is difficult to say how the electricity price will develop in the last four months of the year. The total NOK 73 billion that the state receives in extra profit is divided into NOK 56 billion in tax, NOK 3 billion in value added tax and NOK 14 billion in dividends to the owner. This is how Energi Norge has made its estimate In the scenario the interest organization has calculated, a weighted, average power price of NOK 3 per kilowatt hour in southern Norway (NO1, NO2 and NO5) has been entered. For central and northern Norway, an average price of 40 \u00f8re has been entered in the second half of the year (NO3 and NO4). At the same time, a production for the second half of the year of around 90 per cent of the first half is assumed. That was how production was distributed last year. Overall, Energi Norge expects a hydropower production of 90 percent of last year. Little rain throughout the autumn can further reduce this percentage. A consumption corresponding to 80 per cent compared to the first half of the year (2021 is the reference) is assumed. (Source: Energi Norge) \u2013 Are these huge amounts? – Yes, our hydropower is very valuable. What is good in Norway is that we have a system to return these extraordinary incomes to the community, says Kroepelien. – 70 billion shows that here we cover the electricity support scheme for households and the business scheme. In addition, we provide the opportunity for the community to finance other welfare benefits. So this is good news for Norway. The expected state super profit of well over 70 billion is on a par with the entire year’s Norwegian defense budget. ESTIMATE: Energi Norge’s boss Knut Kroepelien states that the state will earn huge sums from the fact that electricity is expensive this year. Photo: Lise \u00c5serud \/ NTB Demand for maximum price The government estimates that this year it will spend NOK 41 billion on electricity subsidies for households. The state now covers 90 per cent of an average price of over 70 \u00f8re per kilowatt hour. At the same time, the government recently agreed with the parties in working life on a support scheme for business. It has a framework of NOK 3 billion this year. Next year too, tens of billions of NOK will be spent on electricity subsidies, the finance minister recently told news. The enormous income has led many to demand that the state spend even more billions on electricity subsidies. R\u00f8dt, Fremskrittspartiet and KrF will all have a maximum price of 50 \u00f8re per kilowatt hour. – We believe that if you pay up to 50 \u00f8re and get compensated for that, in addition to online rent and taxes, it will cost a lot for people anyway. But then we give them a bigger handshake, says KrF’s Kjell Ingolf Ropstad. But the governing parties do not want a maximum price. Neither will KrF’s former coalition partner Venstre. – It will set a price ceiling which means that there will be no incentives for more production or energy savings, says Venstre’s Ola Elvestuen. He receives support from Energi Norge. – Our message is that if you set a maximum price or compensation of 100 per cent, you risk maintaining a high level of consumption and intensifying the problems in the long term, says Kroepelin, referring to the scarcity of energy. – What do you think the latest estimates from you do to the discussion about maximum price and increased support? – I think it is important that the electricity support scheme is now evaluated and continued. I think the discussion about whether a larger amount of support should be given to those with the lowest income and who are most vulnerable is important to have. The government’s budget partner SV has long since demanded that the government sit down with them to negotiate a more socially fair arrangement with electricity subsidies. PS In addition to the state making a lot of money from the high electricity prices, many municipalities also receive significant additional income this year. The reason is that they own power companies.
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– We have made new estimates. They show that the state will have extraordinary income, beyond normal years, from hydropower of NOK 70 billion in 2022. This is what Energi Norge’s managing director Knut Kroepelien tells news. There are four main reasons why incomes are skyrocketing. – It is particularly about the so-called ground rent […]<\/p>\n","protected":false},"author":1,"featured_media":14644,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[377,18,1845,3919,16,14,15,17,7499,5,159],"class_list":["post-14643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-billion","tag-country","tag-electricity","tag-extra","tag-news","tag-norway","tag-overview","tag-parts","tag-raking","tag-state","tag-year"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/14643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=14643"}],"version-history":[{"count":0,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/14643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media\/14644"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=14643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=14643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=14643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}