From December 1, it will be cheaper for Copenhageners to use electricity. This is because the grid company Radius is lowering the price for transporting electricity through the electricity grid.
The price reduction means that the 1 million customers in Radius' supply area, which covers Copenhagen, North Zealand and parts of Central Zealand, can look forward to their total electricity bill falling by DKK 325 million excluding VAT annually, which corresponds to a price reduction of approximately 15 percent of the bill for electricity distribution. Radius states this in a statement.
- The price reduction is, among other things, an expression of the fact that we have now paid the bill from the energy crisis, and the enormous price fluctuations have come to a close. There has been more calm in the electricity market, interest rates are no longer rising and inflation has come down to a much lower level, says Cäthe Bay-Smidt, functional manager at Radius.
A typical apartment customer will experience a price drop of approximately DKK 150 incl. VAT per year, while an average detached house customer will experience a drop of approximately DKK 250 incl. VAT. The tariffs have thus almost halved since they peaked in February 2023.
- Our core tasks are to ensure a high level of security of supply and expand the electricity grid to meet future needs. This of course requires a healthy economy, but we always look at whether it is possible to reduce customers' costs. Their bill for transporting electricity through the electricity grid is therefore significantly lower now than it was when the energy crisis hit, and this is the fourth time since March last year that we have lowered prices in Radius, says Cäthe Bay-Smidt.
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