State budget 2023 - extension of households' electricity subsidy

On 6 October 2022, the government of Norway decided to extend the ongoing electricity subsidy for households until the end of 2023. The extended subsidy scheme will cover a given percentage of the power price exceeding an average monthly price of 70 øre per kWh. The applicable rate of the subsidy coverage will be 90 per cent from December to March 2023, 80 per cent from April to September 2023 and 90 per cent from a October to December 2023. 

In the national budget for 2023, the government proposes an allocation of NOK 44.7 billion for the period from December 2022 to November 2023. 

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