The Act covers the generation, conversion, transmission, trading, distribution and use of energy in Norway. It regulates exports and imports, the licensing, metering and settlements of power trading, energy pricing, and responsibilities for energy system operations, rationing and supply quality. It also includes provisions for energy efficiency.
 
 It establishes the role of the Power Supply Preparedness Organisation in controlling power supplies in states of emergency, as well as taking on some responsibilities during peacetime.
 It confirms the authority of the government to make decisions regarding the protection of power supply installations against damage, as well as to set out contingency measures and orders to this end.