Danes have started to pay close attention to the electricity market, especially after the energy crisis began with high electricity prices. A study conducted by A&B Analyse for Energi Fyn shows that 64.6 percent of Danes keep an eye on the electricity price every day, and that nine out of ten think about their electricity consumption every week.
However, the increased attention to the electricity market has not changed the fact that more than three out of four Danes do not know where their electricity comes from. Energi Fyn writes this in a press release.
- Many people believe that their electricity is purchased from local wind turbines or other local production sources. In reality, it is all traded on the Nordic electricity exchange, and the market's pricing determines where we get the electricity from, says Head of Administration and Trading at Energi Fyn Ane Rask.
The electricity market is largely controlled by weather conditions and supply from neighboring countries. When there is a lot of wind in Denmark and Germany, more electricity is produced than is needed, which affects the price. Conversely, electricity prices can increase significantly during periods of calm and cloudy weather, as happened in Denmark in December. Here, electricity had to come mainly from power plants, which led to high electricity prices.
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