It probably doesn't sound right, because it's simply not true. First of all, Noranett isn't a power company - it's a grid operator. It runs the wires, but it d

It probably doesn't sound right, because it's simply not true. First of all, Noranett isn't a power company - it's a grid operator. It runs the wires, but it doesn't sell electricity. The 20% increase is true, but that only affects the transport fee[0], not the cost of the electricity itself. The price increase is solely because the cost to maintain the infrastructure remains essentially the same, but there are now fewer people paying for it. Second, it only impacts the municipality of Hadsel, which has a bit over 8000 inhabitants. The current connection costs are about 500-1500 NOK / month, plus 0.24 NOK / kWh[1]. The average household electricity use is about 1400 kWh / month[2], so the average total grid fee for someone in Hadsel would currently be about 1336 NOK, which is $127 - and that's probably an overestimation. So no, a rise of 20% over ~$130 is not $300. They probably meant a rise of 300 NOK, which is about $28, and indeed a rise of 20% from my very rough $130 grid fee estimate. The impact on their overall electricity bill will of course be quite a bit less. Besides, the grid fees in Hadsel were actually artificially low: the fees for nearby municipalities were significantly higher, and saw larger price increases[3]. If anything, the Bitcoin mining operation temporarily subsidized the local population's electricity network! [0]: https://www.noranett.no/media/pressemeldinger/okning-av-nettleie-i-hadsel https://www.noranett.no/media/pressemeldinger/okning-av-nett... [1]: https://www.noranett.no/nettleiepriser/nettleiepriser-hadsel-fra-1-1-2024-article3872-2415.html https://www.noranett.no/nettleiepriser/nettleiepriser-hadsel... [2]: https://www.ssb.no/en/energi-og-industri/energi/statistikk/energibruk-i-husholdningene https://www.ssb.no/en/energi-og-industri/energi/statistikk/e... [3]: https://www.noranett.no/media/artikler/nettleie-i-hadsel-med-eller-uten-kraftkrevende-industri-i-omradet https://www.noranett.no/media/artikler/nettleie-i-hadsel-med...