Electricity rates jump in the cold
February 1, 2021
One of the coldest January months in many years has sent electric rates soaring as thermometers sank. Market rates passed their highest level in five years on Monday, meaning that most Norwegians need to brace for some mighty big bills ahead.
Freezing temperatures all over the country are sending electricity rates soaring. Bills for the month of January may be anywhere from three- to five times higher than those for December. PHOTO: NewsInEnglish.no/Morten Møst
“We had a real jump today,” Bengt Haugnes, in charge of power trading for electricity firm