Do you live in the country of fjords? Have you felt the rising electricity prices in Norway the hard way? Yes, we do too! The changes are so significant that, according to recent observations and studies, many people have problems paying their bills. The consequence may be interest, and ultimately the lack of electricity supply in a specific household or company (because, of course, debt may also apply to the company). How to prevent it?
Current price update
Price for electricity in Norway. Average rate on May 17, 2020
26,8 øre per kWh No extra charges such as the rental of electric lines
This is a big one price drop recently
Electricity prices in Norway - number of debt collections up ...
W first quarter This year, 2018, over 14.000 debt collection cases were initiated for an average amount of CZK 5.000 each. Morten Trasti, senior analyst at Lindorff, is not surprised by this state of affairs. In an interview for Nattavisen he says:
“Increase in numbers people not paying for electricity is not a big surprise to us. We've been expecting this ever since energy prices skyrocketed up. Households with tight budgets in particular could be hit hard by the increase energy prices already in autumn. Costs increase electric energy is perceived as an unforeseen increase in household spending.
Norwegians' insolvency - the source of problems
We have many fixed expenses every month. Even though the earnings of Norwegians and people living in this country are increasing, many families still have a monthly salary budget on a tightrope and cannot afford financial madness. Even minimal change like higher electricity prices in Norway can become troublesome.
“Price jumps are seasonal and it is difficult to judge here. Many households today are in debt and have very tight budgets each month. Unforeseen expenses, e.g. related to growth electricity prices, can lead to big problems, says analyst Morten Trasti.
Upwards fees - how to deal with it?
Cost of living in Norway and the bills are rising. How to deal with this situation and emerge unscathed?
- don't panic
- at least for two months "tighten your belt",
- set financial priorities – food, bills should come first,
- avoid spontaneous expenses for a while.Also read how much you need to earn to get a home loan
