The electricity price has fallen in April, with the average price in the first half of the month being below the level from the first three months of the year. Compared to March, the pure electricity price has fallen by almost a sixth. This is stated by Norlys in a press release.
- The main explanation is that we have really started to welcome spring. This means both that the production of renewable energy is increasing and that we are simultaneously reducing consumption. This results in lower prices overall. In addition, the electricity grid companies have now switched to the cheaper summer tariffs, which also has a clear impact on the electricity bills of Danes, says Mads Brøgger, director of Norlys' energy business.
In the first half of April, the electricity price is 0.63 DKK/kWh in Western Denmark (DK1) and 0.61 DKK/kWh in Eastern Denmark (DK2). However, this is higher than in the same period last year, when prices were DKK 0.52 and DKK 0.53/kWh, respectively.
According to Norly, international conditions such as the conflict in the Middle East and the situation around the Strait of Hormuz may have contributed to higher energy prices. This may affect the price of electricity in periods when production from solar and wind does not cover demand, and gas must be supplemented.
At the same time, dependence on oil and gas is expected to become less important in the coming months, when solar production in particular increases and consumption decreases, which may put further pressure on electricity prices.
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