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Norway to introduce new windfall tax on power production

Power

28 Sept 2022 07:18

Oslo

28 Sept 2022 07:18

(Montel) Norway’s government plans to introduce a 23% tax on power production when prices exceed NOK 700/MWh (EUR 67/MWh), in a bid to improve state finances amid soaring costs.

The new tax will immediately affect hydropower plants with a capaci...…

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