but even with the end of this tax incentive, kWh price for business is around 5,5cts€ / kWh which is pretty competitive for a country in EU.
For Eu yeah, definitely.
For the rest of the world the advantage starts to fade, the only thing keeping it up is the cold climate and relative free of natural disasters.
Marathon pays 2.8 cents/kWh in Montana and under 5 cents (5.5€c are $6.5cents) in Texas so there goes the competivity.
But the most important thing is that prices go up and down, depending on the amount they generate, because of the differences in rain it's not out of the ordinary to have spikes in imports, in 2019 imports went up by 50% while exports down by 30%, when things like this happen the increase is directly sent to the consumer. Plus, they have less and less maneuvering space, as NotATether said when you're not having a constant net surplus that allows you t pump tons of water in the pump storage t balance the grid when there are shortfalls you have no option but to raise prices.
As for taxes, what I dislike about Norway is that you're taxed on the value at the moment of receiving coins, so if you mined and got 100BTC at 60k but didn't sell till now it really sucks as you're taxed at $60k not $32k!!
