Monthly wholesale electricity prices in Norway 2019-2024

Published by Statista Research Department, Nov 18, 2024

The average wholesale electricity price in Norway was at around 21 euros per megawatt-hour in September 2024.

Norway's electricity prices reached a record high in August 2022, at 246 euros per megawatt-hour, the result of the global energy crisis and a drought that hit the country that summer. Throughout 2021 and 2022, figures in the Nordic country soared, causing an almost three-fold increase in the prices over the course of the year.

Average monthly electricity wholesale price in Norway from January 2019 to September 2024 (in euros per megawatt-hour)

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Release date

November 2024

Region

Norway

Survey time period

January 2019 to September 2024

Special properties

day-ahead prices

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