This is what you pay for Norgespris

  • During the binding period, the price is fixed at 50 øre per kilowatt-hour (40 øre excluding VAT).
  • If the spot price is lower than 50 øre/kWh, you pay 50 øre/kWh regardless.
  • If the spot price is higher than 50 øre/kWh, you will be compensated for the difference between the spot price and 50 øre/kWh.

Norgespris does not replace your current electricity agreement, and you must still have an agreement with an electricity supplier. Norgespris does not affect any fixed-price agreements you are already bound to with your electricity supplier. The grid companies will administer the support scheme, so you will be compensated or billed via your grid tariff in the same way as the current electricity support scheme.

How is Norgespris invoiced:

The difference between Norgespris and the spot price for the relevant period will either result in a price saving or an additional charge on your grid tariff invoice. Norgespris does not affect the grid tariff itself.

  • You pay the market price for electricity to your electricity supplier – just like before.
  • The saving or surcharge will appear as a separate line on your grid tariff invoice.
  • On My Page you can see the Norgespris calculation of your consumption for the entire period and per hour.

For example:

If the spot price for one hour is 75 øre per kWh, you pay 75 øre on your electricity bill to your electricity supplier.

You get 25 øre per kWh back on the grid tariff invoice from your grid company (BKK).

In total, you have paid 50 øre – which is the Norgespris.

The same works the other way around:

If the spot price is 35 øre per kWh, which is lower than Norgespris, you pay 35 øre to the electricity supplier, but then the grid company adds 15 øre to its invoice.

Here too, you end up paying 50 øre in total.

Do you get one or two invoices?

If you receive a combined invoice from your electricity supplier, it will include both electricity and grid tariff, and the adjustment from the grid company will appear on the grid tariff section of the invoice.

If you have two separate invoices, you will get one invoice from your electricity supplier and another from the grid company where the price adjustment for Norgespris is applied. In practice, this means you may receive a high invoice from the electricity supplier that you need to pay, and then an invoice from the grid company where you get money back.