For a long time, rising electricity prices - and the question of how to save on electricity - have dominated consumers' consciousness. But now the trend of rising electricity prices seems to have reversed. The electricity bill for an average Danish family was more than halved from August to October. This is shown by a calculation made by Danske Bank. This is reported by TV 2.
In October, the average weekly price for one kilowatt-hour of electricity fell below 80 øre twice on the Nordic electricity exchange Nord Pool. It was the first time since May that the price was below 80 øre. On top of the basic price of electricity, various taxes and VAT must be added.
According to Danske Bank's calculations, an average family living in a detached house and consisting of two adults and two children had to pay approximately 1900 kroner for electricity in August. In October, the family could only pay around 900 kroner.
The price level in October is approaching the level that characterized the energy market last autumn. And two main factors are responsible for the lower electricity prices, explains Chief Consultant Kristian Rune Poulsen from Green Power Denmark.
- Gas prices have almost collapsed because Europe's gas storage has been filled up. This means that power plants that run on gas and produce electricity can buy the gas cheaply. Another significant reason is the autumn weather. Windy weather has helped to bring down electricity prices. The same has happened with the rainy weather in Norway, where the reservoirs in the hydroelectric power plants are being filled up after a long drought.
Probably a temporary situation
In addition, October has been a relatively warm month, which is why demand for electricity, heat and gas has been limited. For the whole of October, a kilowatt-hour of electricity cost an average of one krone excluding taxes, tariffs and VAT. In August, the price was 3.5 kr.
However, not all consumers will notice the price drop on the electricity market immediately. If you have a fixed price agreement, the electricity price is set for a specific period - for example three months. Therefore, it may take some time before the price changes can be seen on the electricity bill of these electricity customers. However, prices may well have increased again by then.
- Unfortunately, we cannot expect electricity prices to continue to fall. It is probably a temporary situation that we have a significant surplus of gas and thus relatively low electricity prices, says Kristian Rune Poulsen.
/ritzau/
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.
