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Electricity | A Guide to Switching Energy Providers in Norway

Guide to Switching Energy Providers in Norway | locamarket.no PERSONAL FINANCE
(Foto: NorgesEnergi)

Switching a supplier of energy in Norway doesn't have to be complicated. Discover your options by reading this brief guide.

Norway used almost 570 TWh of electricity in 2021, and most of that industry came from hydropower. That's not the only unique thing about Norway's power system. Norway's electricity exists on an open market, meaning that there are multiple energy sources that people can choose to buy from. You can even try switching your supplier if your first choice fails.

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However, the original choice doesn't work out, and switching supplier becomes necessary. We discuss what goes into changing suppliers and your options in this article.

Read on to learn all you need to know!

Gather the Necessary Information


Before switching your supplier, familiarise yourself with the Norwegian electricity plan and how it works. There are three different types of programs you can choose. These are fixed price, variable price, and market price. 


A fixed-price contract has the customer pay the same amount for electricity for 1 to 3 years. A market-price contract is one where the price is allowed to fluctuate with the market. A variable-price contract is when a fixed amount is paid for a certain time, and then the cost follows the market.

You also need a few pieces of personal information when switching electrical contracts. These include your name and mailing address, your invoicing address unless it's the same as your mailing address, your national identity number, and your metering point ID — Målepunkt ID.

A national identity number is similar to a national insurance number in the UK or a social security number in the US.

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Switching Supplier: The Process


Once you've gathered the necessary information, switching your plan is simple: contact the power provider company you want to change to and sign a contract with them. One massive advantage of supplier switching in Nordic countries is that you don't have to cancel your current plan. Instead, this will be done for you.

Read the Meter

When switching your electricity plan, you need to read the meter. An electricity meter comes with various dials that show how much power you've used. Reading the amount on these dials from left to right should tell you the power used thus far. The power you've used will determine how much the power company will charge you.

Can You Choose Your Distributor?


Choosing which electricity plan you wish to use doesn't change where the power comes from. Power companies purchase electricity on the NORD POOL Market and sell it. Meanwhile, grid companies own part of the power grid, meaning where you live will determine who supplies your power.

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While this might sound risky, you shouldn't worry about being tricked because the government regulates power companies. They decide what the companies can charge and what plans they can offer. You can learn more about the electricity providers in Norway and sign up for electricity by clicking the link.

Switching Your Supplier of Energy in Norway

The Norwegian power system works somewhat differently than that of other countries. We've discussed the system and the process of switching the supplier in this article. But more research never hurts! You can learn more by looking around our website. Contact us if you have any questions.



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