Export cables have reduced Norwegian tariffs by EUR 360m

Norway's oil and energy minister, Tina Bru, tells parliament that transnational interconnectors have saved domestic rate payers EUR360m on power bills.

Photo: Carsten Andreasen/DEBAT

Since Jan.1, Norwegian electricity prices have skyrockets, resulting in some dismay in parliament and prompting Labour party MP Ruth Grund to question Minister of Petroleum and Energy Tina Bru about the role of export cable in the price surge:

"Power prices have increased significantly as of late in Southern Norway. Have calculations been made on how much this owes to foreign interconnectors, and how much network tariffs billed to consumers have been reduced by surplus from interconnectors?"

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