Energy Markets
Norway's parliament approves a new scheme of power subsidies for households
The Norwegian parliament passed on Monday a bill introducing fixed-price power contracts with subsidies for householders, which is the second scheme in the country to alleviate consumers' concerns about high and volatile power prices. Norway is holding a general elections in September. The cost of living, and the competitiveness of industry are expected to be key topics. The model, called Norway Price, offers consumers the opportunity to sign a contract with a fixed rate of 0.40 Norwegian crowns (0.041 USD) per kilowatt-hour (kWh), excluding fees. This initial period will run from Oct. 1, 2026 until Dec. 12. Payments are limited...