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Energy Transition – from fossil fuels to renewables

Minister of Petroleum and Energy, Marte Mjøs Persen, held this speech at the round table conference about renewable energy hosted by DNV, German-Norwegian Chamber of Commerce and the German embassy in Norway on 5th November 2021.

By Minister of Petroleum and Energy Marte Mjøs Persen

Opening speech at ONS 2022: The North Sea - the new frontier of energy transition?

Minister of Petroleum and Energy Terje Aasland held this opening speech at the Offshore Northern Seas (ONS) 2022 conference on 30th August 2022 in Stavanger, Norway.

By Minister of Energy Terje Aasland

Profits from natural resources will be better distributed

Energy producers and the aquaculture industry make billions of kroner on our common resources. The Government is now proposing that more of the value created should go back to society.

Proposal for amendments for better control with security of electricity supply

The Norwegian Ministry of Petroleum and Energy has sent a proposal to amend the energy legislation regarding a new control mechanism for security of electricity supply on public consultation. The proposal is a follow-up on the measures that were

NOU 2023: 25 - The transition to low emissions

Climate policy choices towards 2050

Consultation on resource rent tax on onshore wind power

The Government proposes to introduce a resource rent tax on onshore wind power from 2023 and is today sending the proposal for consultation, as described in the State Budget for 2023. It is one of several resource rent proposals which will lead to

Power supply and the electricity grid

A secure and reliable power supply is essential in any modern society. Norway has an extensive electricity grid for the transmission of power from producers to consumers.

Power supply

The Ministry of Energy has the overall responsibility for managing the power supply in Norway.

The power market and prices

The market price of power, which is determined each day on the Nord Pool Spot power exchange, is a result of supply and demand. Norway is part of a common Nordic power market and is integrated with the power market in Europe.

NOU 2015: 15 - Environmental Pricing (Summary)

Report from a Green Tax Commission

Chapter 1 Executive summary (50,4 kB) Chapter 2 The Commission (63,8 kB) Chapter 3 Summary (225,1 kB) Chapter 12 The recommendations of the Commission (100,6 kB)

State-ownership in the energy sector

In the government’s view, private ownership should be the main rule in Norwegian business and industry. Direct state ownership requires a special justification.

Major initiative to promote offshore wind power

The Government has announced plans to implement phase one of wind power production in the area of Sørlige Nordsjø II. The electricity produced from these wind farms will be transmitted via subsea cable to the Norwegian mainland. The goal is to

The future development of the Norwegian continental shelf

'We shall continue to contribute to the green transition. We cannot be complacent. Through low-carbon energy production and new technologies. Overall, we are committed to reach our climate goal. There is no alternative. It's not a question about if,

By Prime Minister Jonas Gahr Støre Opening speech at the Equinor’s Autumn Conference

Government launches electricity support package worth billions

The government has today announced a temporary scheme that will help ordinary people across Norway to cope with their electricity bills this winter, with energy prices recently reaching new record highs. The scheme will provide support to households