Ersin Arslan / Stockholm, December 12 (HNA) – The Norwegian government has announced that it will bear half of its citizens’ electricity bills during the winter months, due to the rise in energy prices.
President of the ruling social-democratic Labor Party and Prime Minister Jonas Gahr Støre said at a news conference in Oslo that the state would bear half of the electricity bills and said, “An extraordinary situation like this requires extraordinary measures.”
Accordingly, after the approval of the parliament, the cost of the support to be implemented for electricity consumption up to 5000 kilowatt-hours per month from December 2021 to March 2022 will be a total of 560 million dollars for four months. According to the statement, holiday homes will not be covered by support.
Norwegian Finance Minister Trygve Slagsvold Vedum said the plan builds on previous measures of 4 billion to 5 billion crowns submitted by the government.
Wholesale electricity spot prices in southern Norway rose to an average of 1.89 kroner/kWh, including value-added tax, according to data from electricity exchange Nord Pool. ($1 = 8,9304 Norwegian krone)