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Comment by NorwegianDude | Hacker News Reader

I can guarantee you that oil power plants is not making electricity cheaper in Norway. Mainly because there is not a single one in Norway...

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I didn't talked about oil power plants. But 2022 Norway got 100TWh from oil, which is a total of 20% from the energy mix! 300TWh came from hydro power. Energy is in the wider sense, transferable. So it does not matter, if you have an oil power plant. https://ourworldindata.org/grapher/energy-consumption-by-sou...

How do you conclude that electricity prices are low in Norway because of oil, when oil is not used for electricity? That makes no sense.

Electricity prices in Norway is not low because of oil. Oil/gas is not used for heating, and prices are higher than other places. So if anything the electric prices are higher as oil products are more expensive in Norway compared to most other places.

Yes, look, if you have 20% oil in your energy mix, this is used somewhere. For example by ships, cars and also some industries. If you would not use this 20% for some energy, you would need to burn wood instead or maybe better use electricity. :) So burning oil for some extend keeps electricity prices overall lower.

If Google is telling me correctly the kwh price for electricity in Norway is around 12 Eurocents. This is very cheap! In Germany it is currently 30 Cents, last winter even 50 Cents. And Germans getting lower salaries..

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