What was the wholesale electricity price in Denmark in October 2022?
In October 2022, the wholesale electricity price in Denmark was 137.08 euros. Statistics reveal that this price is around 21% higher compared to the price that was prevalent in the same month a year earlier.
How much does electricity cost in Denmark?
The average cost of electricity in a regular household in Denmark is approximately 3.461 DKK per kWh, whereas, for a business, the average price of electricity is 1.947 DKK per kWh. In Denmark, the price of electricity can vary from hour to hour. So, at certain times of the day, you will pay more for electricity consumption than at other times.
What are wholesale electricity prices?
Wholesale electricity prices Wholesale electricity prices are average day-ahead spot prices per MWh sold per time period, sourced from ENTSO-E and EMRS. Prices have been converted from £/MWh to €/MWh for the UK. These are the prices paid to electricity generators, and are not the same as retail electricity prices or total costs to end users.
How much does electricity cost in Denmark in 2023?
In 2023, the average total electricity price for Danish household consumers was 36.4 cEUR/kWh. It is a 30 pct. reduction, compared to 2022, when the price was 52.1 cEUR/kWh, cf. Figure 4 | Retail electricity price for household consumers, 2019-2023
How do I find the most affordable electricity supplier in Denmark?
To find out which electricity supplier is the most affordable, you can check the Danish Utility Regulator-operated website Elpris.dk. That will enable you to compare electricity prices across different suppliers in Denmark, which will help you find an affordable supplier.
What affects the price of electricity in Denmark?
Source: Energinet Note: The development in day-ahead prices for West Denmark, East Denmark, and the system price. The price of electricity in Denmark is affected by the prices of fuel, CO2, and by the fill-ing ratio of the Nordic hydro reservoirs. The price of gas increased sharply during 2022, before coming back down at the end of the year.
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