Heat pump running cost in Norway (NO4)

120 m² home, 130 kWh/m²/year heat demand, heat pump COP 3.5, average electricity price € 0.0179 /kWh (last 30 days, NO4).

Annual heat pump running cost
80 / year
€ 7 / month average · 4457 kWh electricity used
You save € 200 / year vs direct electric heating (€ 280).

Cost comparison

Heating systemAnnual kWhAnnual cost
🟢 Heat pump (COP 3.5)445780
🔴 Direct electric (panel heaters)15600280
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Notes on the assumptions

See Norway prices for the whole day: Browse Norway →