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Five suppliers have previously terminated contracts following notification of a decision by the Energy Regulatory Authority at NVE (RME).
The purpose of the provisions is to ensure a connection between the bill requirement and the current and actual electricity consumption of consumers.
– These agreements are complex and impossible for the consumer to verify. Some of the deals function in practice like a consumer loan with a high interest cost that adds to electricity costs, says Watercourse and Energy Director Kjetil Lund at NVE in a press release.
The purpose of the new provisions is to make it easy for the customer to understand.
– These agreements contribute to the electricity market becoming confusing. It should be easy for consumers to understand electricity agreements and orient themselves in the market, so that they can make good decisions based on their own needs and not pay more than necessary for electricity, Lund says.
These are the electricity providers that have been ordered to liquidate:
LOS AS, the “Energy Account” agreement
Eidsiva Energi AS, the “Even Invoice” agreement
Trøndelagskraft AS, the “Full Control” agreement
NorgesEnergi AS, the «Power account» agreement
Hallingkraft AS, the “Equal Pay” agreement
Hafslund Strøm AS, the ‘Equal Pay’ Agreement
Fortum Markets AS, the “Equal Payment” agreement
Midt Energi AS, the «Equal Payment» agreement
Orkland AS, the ‘Uniform Payment’ agreement
Fjordkraft, the “Full Control” agreement *
