Norwegian energy scheme saves consumers nearly $1.5 billion

Norwegian consumers have collectively saved close to 15 billion kroner on electricity bills since autumn by utilizing the government's "Norgespris" (Norway Price) scheme, according to government calculations. This optional, state-funded program aims to provide households with more predictable energy costs.

Energy Minister Terje Aasland commented that the scheme proved to be the "right choice," especially given a cold winter and international instability. He expressed satisfaction that Parliament approved Norgespris, despite opposition from several parties including Høyre, Frp, Venstre, and KrF.

The savings figures cover the period from the scheme's inception on October 1, 2025, through May 2026. Norgespris allows consumers to choose the fixed price option for both their primary residences and holiday homes.

By April, more than 1.6 million households had signed up for the Norgespris option, indicating significant public adoption of the energy cost management initiative.

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A cold winter with great international unrest has shown that this was the right choice. Those who have chosen Norgespris have now saved almost 15 billion kroner in total. I am glad that Parliament approved Norgespris against the votes of Høyre, Frp, Venstre, and KrF.