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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Ember. (November 18, 2024). Average monthly electricity wholesale price in Norway from January 2019 to September 2024 (in euros per megawatt-hour) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1271469/norway-monthly-wholesale-electricity-price/
Ember. "Average monthly electricity wholesale price in Norway from January 2019 to September 2024 (in euros per megawatt-hour)." Chart. November 18, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1271469/norway-monthly-wholesale-electricity-price/
Ember. (2024). Average monthly electricity wholesale price in Norway from January 2019 to September 2024 (in euros per megawatt-hour). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1271469/norway-monthly-wholesale-electricity-price/
Ember. "Average Monthly Electricity Wholesale Price in Norway from January 2019 to September 2024 (in Euros per Megawatt-hour)." Statista, Statista Inc., 18 Nov 2024, https://www.statista.com/statistics/1271469/norway-monthly-wholesale-electricity-price/
Ember, Average monthly electricity wholesale price in Norway from January 2019 to September 2024 (in euros per megawatt-hour) Statista, https://www.statista.com/statistics/1271469/norway-monthly-wholesale-electricity-price/ (last visited December 30, 2024)
Average monthly electricity wholesale price in Norway from January 2019 to September 2024 (in euros per megawatt-hour) [Graph], Ember, November 18, 2024. [Online]. Available: https://www.statista.com/statistics/1271469/norway-monthly-wholesale-electricity-price/