The pure electricity price reached its lowest level in over a year in June. This is what the electricity companies Norlys and Andel Energi write in their respective press releases. According to the two companies, the average price was approximately 0.40 øre per kilowatt hour excluding taxes and duties.
- We have seen a downward trend in electricity prices during the year, but if you as a consumer really want to get the most out of the low prices, it is important to pay attention to how electricity prices develop during the day, says Mads Brøgger, CEO of Norlys, in the press release.
Andel Energi writes that you have to go back to February 2024 to find a lower average price. The company points to a large number of hours with negative electricity prices, caused by a lot of sun and wind.
- It is of course the many hours of sunshine that push prices down and create the record number of hours with negative electricity prices. In addition, it has also been a month with a lot of wind. And wind and solar provide cheap electricity, says commercial director Josefine Walter in the press release.
According to Andel Energi, there were 66 hours in June in Eastern Denmark where the net electricity price dipped below one krone. In Western Denmark, the number of hours with negative electricity prices reached as high as 116 hours.
Although a lot of sun and wind in June helped to send prices down, the sun has also contributed to higher electricity prices at the beginning of July. Here, Norlys points to the recent heat wave across Europe. It has meant that more electricity had to be used for cooling in the evenings.
The net electricity price is not the only thing that is on the electricity bill. The final electricity price can also include tariffs, subscriptions, spot surcharges and VAT.
/ritzau/
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