Definition
Grid rental is what consumers pay for using the physical electricity grid, separate from the electricity price itself. Grid rental covers the costs of building, operating, and maintaining the grid and is regulated by NVENorway's Directorate of Water Resources and Energy - regulates the electricity and water resources sectors.. It consists of a fixed element (independent of consumption), an energy element (NOK/kWh), and increasingly a capacity element (NOK/kW) to incentivise balanced load. From 1 July 2022, capacity-based grid rental has been introduced for Norwegian households. The grid owner (DSODistribution System Operator - grid company that operates the distribution network and is responsible for electricity supply to end users.) sets the grid rental within NVE's framework.