The Norwegian Energy Regulatory Authority's (NVE-RME) main statutory objective is to promote social and economic development through an efficient and environmentally sound energy production, as well as efficient and reliable transmission, distribution, trade and efficient use of energy. Responsibility encompasses the regulatory area as well as other activities defined by law, regulations and decisions made the Norwegian Parliament.
The Norwegian Energy Regulatory Authority has delegated powers according to the Energy Act (in Norwegian). It has the authority to issue regulations on economic and technical reporting, network revenues, market access and network tariffs, non-discriminatory behaviour, customer information, metering, settlement and billing as well as the organised physical power exchange (Nord Pool and EPEX SPOT). In addition, The Norwegian Energy Regulatory Authority issues regulations on system responsibility and quality of supply. The Authority may take necessary actions to fulfill the delegated powers according to the Energy Act.