USpolitics

As of late 2024/early 2025 data, residential electricity prices in Texas are generally slightly cheaper than in Norway, though both countries have dynamic markets subject to significant price fluctuations.

Norway: The market relies almost entirely on abundant, cheap-to-produce hydropower (around 91% of production). The Norwegian electricity market is part of the integrated Nord Pool energy market, which includes much of Europe, meaning prices can be influenced by supply and demand dynamics across the continent, not just domestic production.

Texas: Texas has a diverse energy mix and is a leader in U.S. oil, natural gas, and wind energy production. The state's grid (managed by ERCOT) is largely deregulated, promoting competition among providers, which can lead to competitive rates. However, the reliance on natural gas and an isolated grid also means prices can experience extreme volatility during peak demand or severe weather events.

In essence, while average prices are competitive, Texas's market is characterized by volatility and deregulation, whereas Norway's market is stable due to hydro dominance but linked to the broader European market.