Danes have experienced over 485 hours of electricity prices below zero in the first six months of the year – the highest number ever for a six-month period. The significant increase is mainly due to an unusually sunny spring period. This is according to NRGi.
In Western Denmark, the electricity price has been negative for 306 hours, while Eastern Denmark has had 179 hours with prices below zero. This is an increase of 66 and 36 percent respectively compared to the same period last year. The month of May alone set a record with 107 hours in Western Denmark and 69 hours in Eastern Denmark (until June 23). April 4 at 15 was the year's lowest electricity price measured, when the price reached -22.46 øre/kWh.
The many negative prices are a win for consumers with variable electricity contracts if they adjust their electricity consumption to the cheap times.
- It pays to keep an eye on the electricity price and consider how and when you use electricity in your everyday life. Because if you have a variable electricity contract, you can save money by using electricity when it is cheapest - especially when the pure electricity price dips below zero. Then it can be an obvious time to put a sink on, start the dishwasher or put the electric car in the garage to charge, says Bo Halm Andersen, energy consultant at NRGi.
The solar cells are the main explanation for the low prices. The large supply of electricity from solar energy, as a result of many new plants in Denmark and neighboring countries combined with low consumption, has created a surplus in the electricity grid, which is pressuring prices.
2024 still holds the annual record with 375 hours in Western Denmark and 275 hours in Eastern Denmark, but with over 485 hours combined in the first half of the year, 2025 is well on its way to surpassing that record.
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