[en] A review of important findings in newer, economic literature on discount rate in the long term is presented. Based on this review, two questions relating to the administration of Norwegian hydropower resources are briefly discussed. Firstly, which discount rate should be used as basis when valuating the existent Norwegian hydropower plants? Secondly, how should the socio-economic discount rate for investments in hydro projects be determined compared relatively to other types of investments in the power sector? The main conclusion is that the existing rate for administration of hydropower need not be substituted. Neither theory nor empiricism provides a conclusive answer. Certain relevant aspects that may be further investigated are put forth (ml)