Expensive power leads to economic losses for Norwegian ice cream producers

Electricity bills at Hennig-Olsen Is in Kristiansand have tripled.

The ice cream maker reported a loss for the first time since 2009, due to bad summer weather, production challenges and steep price increases for everything from electricity to milk, writes the newspaper Dagens Næringsliv.

Paal Hennig-Olsen, who owns Hennig-Olsen Is with his brother Martin, is worried.

“Our electricity bill in 2020 was NOK 7 million, but last year it increased to NOK 10 million. It’s very dramatic for us,” Hennig-Olsen told the newspaper.

In addition to electricity, other prices have also increased significantly. Packaging, transportation, milk and cream are getting more expensive.

“It doesn’t help that our main competitor, Diplom-Is, is in a different price range,” added Hennig-Olsen.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

Any news tips for Norway Today? We’d love to hear it.Contact information info@norwaytoday.no