Monthly wholesale electricity prices in Norway 2019-2024
The average wholesale electricity price in Norway was at around 56.14 euros per megawatt-hour in March 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.