– There could be bankruptcies, and unemployment could increase significantly, both in Norway, the Nordic countries and Europe, says Volue analyst Tor Reier Lilleholt.
Electricity prices are on the rise, but private individuals are protected from total expenses over NOK 2 per kilowatt hours on average, says Volue analyst Tor Reier Lilleholt. He is more concerned about business. Photo: Marius Helge Larsen, NPK
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The monthly average price for electricity has tripled in the southern, western and eastern parts of Norway in the past year and a half. “Electricity price records” have become commonplace this summer. In Northern and Central Norway the increase is more modest: 20 per cent.
– The records we are talking about now concern high daily and weekly prices, says Tor Reier Lilleholt, power analyst at Volue Insight.
The daily price of electricity fell 4 kroner in South-West Norway on 28 July.