Can You Get Fastpris for Strom in Norway and How?

Everything we have experience in the last couple of years, starting with the pandemic and continuing with the war most countries aren’t a part of, but are somehow still in the middle of, has led to great changes on certain markets and to inflation that has boosted the prices of pretty much everything. Including electricity. The changes have, of course, been for the worse. Some countries are, however, trying to protect their citizens from even higher power grid costs and Norway is among them, as you can see here.

Entering into an agreement with energy suppliers in Norway, most people go for something called spot price. Such a plan follows the changes in prices on the Nord Pool, electricity exchange, meaning it can fluctuate day after day. Those fluctuations won’t always be favorable, depending on what’s going on in the world and on this specific market, which is leading people to one important question.

Can you actually get a fastpris for strøm, i.e. a fixed price for electricity in Norway? Paying a fixed price would mean paying the same price for every single kWh (kilowatt per hour) you spend, which sounds like a rather favorable solution for most households and most businesses nowadays. Is it, however, possible in Norway? That’s what we’re here to find out. 

Can You Get Fastpris for Strøm in Norway?

If the whole talk of the spot prices and the fixed prices is confusing you, let me make it a bit clearer. Basically, this is just like getting either a fixed or a variable interest rate on a loan. If you get a variable one, you can expect frequent changes, and although that could sometimes lead to you paying less than in the previous period, it can also turn out to be rather unfavorable. Plus, the mere fact you don’t have the certainty of knowing how much you’d be paying could get you stressed out. It’s the same with electricity.

On the other hand, a fixed interest rate would mean paying the same amount every month and thus not worrying about all the economic downfalls and problems we could be facing. When translated to your electricity needs, the fastrpis, as explained at https://bestestrøm.no/fastpris-strøm/, means entering into an agreement that will offer more security in terms of being able to predict how much you’ll have to pay every month, making it easier to manage your finances. Remember, though, that even when the price is fixed, your monthly bills will still be different, depending on the amount of electricity you’ll actually consume. 

Now that things are all cleared up, you want to know if getting a fastpris for strøm in Norway is actually possible, so let me cut right to the chase and make that clear. Yes, it most definitely is. This is one of the ways in which consumers can get protected against further fluctuations in power prices, and it is no wonder that a lot of households are turning towards this option and entering into agreements with providers that offer this option. Even so, such agreements seem to be more difficult to find in southern Norway, but despite things being difficult, there are still very much possible. 

How?

Given that a lot of suppliers have stopped offering the fixed price agreements as of January, 2023, finding these solutions is bound to be a bit more difficult nowadays. This especially goes for southern Norway, as explained already. Even though there’s been a decrease in these offers, the great thing is that they still do exist, meaning you’ll be able to switch to such a plan if you just put some effort into it and do everything you can to find the right solution for you. Of course, you’ll have to do a lot of searching and researching so as to make the best choice, but the bottom line is that you’ll get to do this if you really want to.

Naturally, the first thing to do is search for the fixed price suppliers online, because most of them will definitely be represented on the Internet in one way or another. By browsing the Web, you’ll come across suppliers that are still offering this solution to consumers, which is when you should make a list, so as to remember those, as you’ll be researching them further before actually signing any agreements whatsoever. Of course, apart from searching online, you can also talk to the people you know are using this solution already and get their recommendations regarding the suppliers you can and should work with to get the electricity plan you’re after. 

Even though Norway has improved fixed prices for electricity, we can’t fail to mention that those will differ from supplier to supplier. What does that mean for you, though? Well, put simply, it means you’ll need to thoroughly research the offers you’ll get from different suppliers and compare those fixed prices as well, with the aim of determining which companies could be offering the best possible solution, i.e. a reliable and a fairly priced one.

Doing further research online will help you get familiar with those different offers and check the price differences among suppliers, ultimately leading you towards making the perfect choice. Remember, though, you should be patient and thorough in your research here. After all, it is a financially big decision that you should never make on the spur of the moment, so take your time to do it wisely.