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Revised National Budget: “Norway Price” for Electricity and District Heating

The government proposes allocating NOK 1,265 million to the support scheme for electricity and district heating, called “Norway Price”, for households in 2025. The plan is to introduce the support scheme from the 1st of October 2025.

The Minister of Energy's speech at Nordic Electricy Markets Forum

Minister of Energy Terje Aasland held this speech during the opening of the Nordic Electricity Markets Forum in Oslo.

By Minister of Energy Terje Aasland

"Norway Price" to Ensure Predictable and Stable Electricity Prices for Consumers

The government proposes introducing an alternative support scheme for electricity for households, called the "Norway Price." Under the Norway Price support scheme households will be offered a fixed price on electricity at 40 øre per kWh (excluding

New steps to reduce electricity bills and maintain control over national energy resources

The Norwegian Government has proposed a set of new measures to lower the cost of consumer electricity bills. Under the new plan, consumers will be able to choose between subscribing to the general electricity support scheme or a new fixed price of

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

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

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

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.

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

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

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

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