Norway's draft budget for 2004, presented on Wednesday, proposes a "temporary exemption" from the country's electricity tax for all production sectors and the public sector from 1 January, pending introduction of "a new electricity tax system for industries" next July.
The new system will seek to encourage "reduced electricity consumption and more use of environment-friendly energy", the energy ministry said. It added that the move was in part designed to pre-empt possible EU legal action over Norway's "null tax" policy for industrial electricity users (EED 08/10/02).
Please enter your details
Not a subscriber?
Take a free trial now to discover the critical insights and updates our coverage offers subscribers.