Nordtun Warns of New Power Policy for Labour Party
Kari Nessa Nordtun, a member of the Labour Party’s program committee, is dissatisfied with the party’s current power policy, stating that it lacks strength. She has warned of more robust measures to come.
"People are impatient and expect more from us," Nordtun told Klassekampen. "We’re not doing a good enough job."
Nordtun, who sits in the Labour Party’s program committee that’s forming the new election platform, said that work is being done on new initiatives, but she isn’t ready to reveal details yet.
In power policy, the Labour Party has been criticized for not acting quickly enough. Several suggestions have been raised in the debate, including a price cap on power – something Nordtun isn’t dismissing.
"When we look at the situation as it is now, we must consider all solutions," she said. "Because obviously, what we’re doing now isn’t working. We see that among the people, and we have to take it seriously. So, I won’t close the door on anything, but it’s about gaining more control over the power and having more stable, low power prices."
Nordtun also believes that Norway could be much stricter with Europe in the market-driven power policy than it is now.
Power Prices to Peak on Christmas Eve
Power prices will reach their highest point in southern Norway on Christmas Eve. Between 11 am and 12 pm, the price will be 47.4 øre per kilowatt-hour (kWh) in that region.
In southern-east Norway, the price will peak at 47.09 øre per kWH, while in mid-Norway, it will be 21.5 øre, in northern Norway, 8.8 øre, and in western Norway, 42.1 øre, according to figures from hvakosterstrommen.no.
Without the power subsidy, but including the 25-percent value-added tax, consumption tax, and the 1-øre charge to Enova, the highest price in the country would have been 81.09 øre. In northern Norway, there is no VAT on power for households, and in Finnmark and North Troms, households and public administration also avoid the consumption tax.
One kilowatt-hour corresponds to using one kilowatt for one hour. A 10-minute shower uses about 4.5 kWh, but this varies depending on the water temperature and the amount of water the shower head delivers.
The lowest kWh price on Christmas Eve will be between 18 and 19 pm in mid-Norway, at 3.7 øre. The price per kWh will be lowest in southern-east Norway at 28.2 øre, in southern-west Norway at 36.4 øre, in northern Norway at 4.9 øre, and in western Norway at 28.8 øre.
Costly Holidays and Rising Housing Prices Expected in 2025
Forget about cheap foreign holidays – instead, brace yourself for a significant increase in house prices in 2025. That’s the advice from chief economists.
House price growth has been modestly low this year, but the trend is rising. Economists like KS, Nordea Markets, and Handelsbanken Capital Markets predict an average increase of over 8 percent from December to December. They also expect a rise in stock prices of 10 percent or more.
In December 2023, economists expected a clear strengthening of the krone against the euro, forecasting a rate of almost 11.00 by the new year. Now, that forecast has been revised downward to just over 11.50 – only slightly stronger than the average rate for December.
Worth a look