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  • Consultation on resource rent tax on onshore wind power

    16/12/2022 Press release Ministry of Finance, Ministry of Energy

    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

  • Adjustment of local and county authorities’ general grant

    28/09/2022 News story Ministry of Finance

    The Government proposes a one-year deduction in the general grant to local and county authorities with income from licence power. The proposal applies to local and county authorities in the areas with the highest electricity prices.

  • Profits from natural resources will be better distributed

    28/09/2022 Press release Ministry of Finance, Office of the Prime Minister

    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.

  • High-price contribution on wind and hydropower

    28/09/2022 News story Ministry of Finance

    The Government is proposing to introduce a high-price contribution, with the rate set at 23 per cent of the electricity price in excess of NOK 0.70 per kWh. The contribution is designed as an excise duty payable to the treasury. The tax will be

  • Resource rent tax on onshore wind energy

    28/09/2022 News story Ministry of Finance

    The government proposes the introduction of resource rent tax on onshore wind energy as from 2023. The proposal will be referred for public consultation before the end of the year, and involves the taxation of resource rent at an effective rate of

  • Ambitious offshore wind initiative

    11/05/2022 Press release Office of the Prime Minister, Ministry of Energy, Ministry of Finance, Ministry of Trade, Industry and Fisheries

    Today, the Government is presenting a major initiative to promote offshore wind power. The aim is to use offshore wind power to generate new electricity on a par with the total amount of electricity currently produced in Norway. The initiative will

  • The National Budget 2024: The Government will introduce a resource rent tax on onshore wind power from 2024

    06/10/2023 Press release Ministry of Finance, Office of the Prime Minister

    The Government is today presenting a modified bill for the introduction of a resource rent tax on onshore wind power from 2024. The proposal will ensure that a larger share of the value added in the wind power industry will accrue to society as a

  • The National Budget 2024: A budget to safeguard Norwegian households

    06/10/2023 Press release Ministry of Finance

    The budget for 2024 provides security and opportunity for people and businesses throughout Norway. There are expenditure increases in several areas due to war in Europe, a record number of refugees and higher prices. The Government’s priorities are

  • Increased resource rent tax on hydropower

    28/09/2022 News story Ministry of Finance

    The Government is proposing to increase the effective resource rent tax rate on hydropower from 37 per cent to 45 per cent, with effect from the 2022 fiscal year.

  • Major initiative to promote offshore wind power

    12/02/2022 Press release Office of the Prime Minister, Ministry of Energy, Ministry of Finance, Ministry of Trade, Industry and Fisheries

    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

  • Government launches electricity support package worth billions

    11/12/2021 Press release Office of the Prime Minister, Ministry of Energy, Ministry of Finance

    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