Electricity prices will hit their highest level of the year in Western Denmark and their second highest in Eastern Denmark on Tuesday afternoon. This is according to Chief Economist at Energinet Jim Vilsson.
The raw electricity price will cost DKK 3.53 per kilowatt-hour from 5 p.m. to 6 p.m., while consumers will probably be charged a price of around DKK 7, depending on the electricity company.
- This is the highest raw electricity price in Western Denmark this year. In Eastern Denmark, we had a single hour in January when the price was higher, says Jim Vilsson after examining this year's electricity prices.
The electricity that comes out of the socket consists of a raw electricity price plus tariffs, transport and taxes. Since electricity companies charge different tariffs, prices for consumers vary.
Remain high in the coming days
Electricity prices will remain at a high level in the coming days, as the production of wind and solar energy is low. This means that electricity primarily comes from other energy sources - including gas and coal.
- When there is no wind and the sun does not shine, you have to find electricity from elsewhere. It is some slightly more expensive production plants that supply that electricity, says Jim Vilsson.
- Until Thursday around noon, the expectation is that there will not be much wind and sun. This will push the price up, he says.
While the electricity price peaks on Tuesday between 5 and 6 p.m., it will only start to fall seriously after 7 p.m. At 9 p.m., the raw electricity price is down to 97 øre per kilowatt-hour.
In 2022 and 2023, Europe was hit by an energy crisis that caused electricity prices to rise significantly. Prices have subsequently fallen again, but since the spring of 2024, electricity has become more expensive again.
- The trend has been upward recently, says Jim Vilsson.
/ritzau/
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
