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| ▲ | teiferer 2 hours ago | parent | next [-] |
| About 90% of Norway's 40 GW energy production (mostly hydro) is state owned. By exporting energy and thereby getting other countries to pay, the money literally goes to the norwegian people. Not directly into their bank accounts, but into their govt budgets, which they later pay less in taxes. |
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| ▲ | varjag an hour ago | parent | next [-] | | Norwegian power generation is sized for the domestic market, so tax income from selling excess is marginal at best. The power bills however have indeed crept quite a way up. This was especially noticeable in the first winter of the Russian invasion, when the Nordics had to subsidize the bill that suddenly dropped on short-sighted German energy policy. | |
| ▲ | bear141 2 hours ago | parent | prev | next [-] | | Do they actually pay less in taxes because of this? I’m not arguing. That is great and I would appreciate if you could provide a source for me to read. | | |
| ▲ | varjag an hour ago | parent [-] | | We do not but there's a social consensus about the value people get from this taxation level. However the excess power price which is not a domestic supply/demand outcome is a lot harder to sell. |
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| ▲ | TeMPOraL 2 hours ago | parent | prev [-] | | Right, but people tend to be oblivious to anything that's not on their bank accounts. |
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| ▲ | theodorton 3 hours ago | parent | prev [-] |
| There are government subsidies for consumers to either have a fixed price or a price cap on electricity in Norway as a political response to the increase. This would be harder to pull off if not most of the profits from export didn’t land in the public sector (either taxes or government owned energy companies). |
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| ▲ | kragen 3 hours ago | parent [-] | | Norway has experience circumventing the resource curse/Dutch disease with undersea oil. Hopefully they'll manage it this time too. |
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