The electricity-only price will rise at 19:00 this evening to 4.6 Danish kroner per kWh in western Denmark, DK1, and 4.5 Danish kroner in eastern Denmark, DK2. This is according to energy company Norlys.
Last week, the price exceeded 5 Danish kroner per kWh in both price areas. Norlys also points out that such price peaks are unusual and believes that individual expensive hours should not steer consumers toward long-term fixed-price contracts.
Over the past year, the price exceeded 1.5 Danish kroner per kWh for a total of 643 hours, equivalent to 3.66 percent of the time. Prices above 2, 2.5, 3 and 3.5 Danish kroner occurred for 173, 75, 45 and 21 hours, respectively.
At the same time, negative prices were recorded for a total of 339 hours, equivalent to 1.93 percent of the time.
