Norway to Subsidize Households for Rising Electricity Costs
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Norway’s government announced an aid package totaling more than 8 billion kroner ($890 million) to help mitigate the impact of record electricity prices hitting households across Europe.
The government will cover half of households’ power costs in the December to March period with market price of electricity above 70 ore per kilowatt hour, via deductions on their electricity bills, Prime Minister Jonas Gahr Store told a news conference in Oslo on Saturday.