European Gas and Oil market

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Unformatted text preview: ctricity price has several components: electricity price, transmission tariff, consumption tax (electricity tax), value added tax (VAT) and a levy on the transmission tariff earmarked for the Energy Fund. All end-users must pay a transmission tariff to the local grid company to which they are connected. The consumption tax is imposed on electricity that is consumed in Norway. Prices for private households were relatively stable from 1985 to 2002. 20 Nord Pool. Available on: <www.nordpool.com>. 24 © Ifri F. Harbo / The European Gas and Oil Market However, the cold winter in 1995-1996, combined with low inflow in 1996, resulted in a sharp rise in wholesale prices, which in turn led to an increase in household prices from 1996 to 1997. Precipitation was above normal every year from 1997 to 2000, with relatively high hydropower output. This was reflected in a general decline in prices over the whole period. Inflow to the reservoirs declined substantially in the autumn of 2002, which resulted in a significant inc...
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This document was uploaded on 03/30/2014.

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