Although the price of electricity has fallen significantly from August to October, the uncertain times in the energy market are far from over. Therefore, it may be a good idea to reconsider whether you have the right agreement on the price of the electricity that comes out of the socket.
If you want peace of mind in your finances, it may be an advantage to choose an agreement on a fixed price for electricity instead of a variable price agreement. This is the opinion of private economist Louise Aggerstrøm Hansen from Danske Bank.
- The advantage of a variable price agreement is that when prices fall, you get more out of it. The problem is, of course, that when prices rise, you have to pay a higher bill, she points out.
- So when you choose whether to have a variable or fixed price, it's about assessing how good you are at adjusting your consumption up and down when prices fluctuate.
- But it's also about whether you can live with prices fluctuating. You may be very worried. But you may also have an economy where you can't afford for the price of electricity to suddenly increase significantly.
Electricity bill halved since August
According to TV2, a calculation from Danske Bank shows that the electricity bill for an average Danish family was more than halved from August to October.
This is due, among other things, to the fact that Europe's gas reserves have been filled up and that large amounts of wind and hydropower have been produced in the autumn. The various forms of energy have therefore become cheaper.
However, Louise Aggerstrøm Hansen does not expect the price of electricity to continue to fall. On the other hand, the price will most likely rise again when winter sets in, temperatures drop, and demand for heat and electricity increases.
- The market expects prices to rise during the winter because there will be greater demand. But prices are not expected to be as high as in August. It is still a significantly better starting point that we have now.
- But you have to be careful, because it is difficult to predict prices. The amount of bad things that can happen and drive up electricity prices has unfortunately increased quite significantly, says Louise Aggerstrøm Hansen.
She refers, among other things, to the sabotage against the Nord Stream 1 gas pipeline, which led to a large gas leak in the Baltic Sea at the end of September.
/ritzau/
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