Danish wind turbines and solar panels have produced 15.3 terawatt hours (TWh) in the first nine months of the year and are on track to reach 20 TWh for the first time ever in a year. But green electricity is not only good for the climate, it is also good news for Danes' wallets, according to the trade organization Green Power Denmark.
The organization thus believes it can document a clear correlation between the price of electricity and the amount of green electricity available in a given hour, based on the latest data.
From January to September, the spot price in the price area DK1, which covers Jutland and Funen, has, for example, been 27 percent below the average level, when production from wind and solar accounts for 80 percent. or more of the total electricity demand, reports Green Power Denmark, which has reviewed the figures from Energinet.
- We can clearly see that the Danish spot price for electricity is lower when we have a lot of green production and can cover most of our own needs. This is because the costs of producing the green electricity are very low, and in most of those hours we do not have to pay expensive coal or gas power plants to produce the last electricity to cover electricity consumption. This takes the top off the Danes' electricity bill in a time of high energy prices for everyone, says consultant at Green Power Denmark Jonas Westphal Rasmussen.
The figures show that out of 6,827 hours so far in 2022, wind and solar have covered at least 80 percent. of electricity consumption in DK1 in 2,784 hours, corresponding to 41 percent. In 14 percent of the hours, renewable energy has covered more than 100 percent. of electricity consumption.
On Zealand – also called Eastern Denmark or DK2 – Danish wind and solar have covered 80 percent of electricity consumption in 28 percent of the hours and more than 100 percent of electricity consumption is covered by wind and solar in three percent of the hours. The lower figures on Zealand are primarily due to the fact that the majority of Danish wind turbines, which still make up the majority of our green electricity production, are located in Western Denmark.
The high level of renewable energy in Denmark also means that the average spot price in Denmark is also systematically lower than in other European countries south of the border.
amp
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.
