On Sunday, there is a Danish record for negative electricity prices. In some places, consumers can earn approximately NOK 5 per kilowatt hour.
Wind in Germany and sun in the Netherlands help some Danes earn about a fifth for every kilowatt hour of electricity they use on Sunday afternoon. Photo: Frank May / NTBPublished: Published:
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The record comes between 2pm and 3pm on Sunday, and it is the Danes in the west who can earn a pretty penny from using electricity at that hour.
The electricity price will then be minus NOK 3.30 per kilowatt hour (kWh), which is a new record, writes the Danish business newspaper Børsen. At today’s exchange rate, it is NOK 5.19. Even when the fees are added, Danish electricity customers are left with approximately NOK 3 per kWh they are able to use.
In the east of the country, the price of electricity ends up around zero, but when fees are included, roasting roast pork or heating up the jacuzzi on Sunday afternoon is still not completely free.
The Danes can thank the weather in Germany and the Netherlands for Sunday’s electricity prices.
– There is a storm over the German Gulf, and there is a lot of sun, especially in the Netherlands, where they have some arrangements that mean they cannot reduce production when they get too much electricity, explains Henrik Møller Jørgensen, who runs the price service Grønnere Elforbrug.
He advises Danes who have solar cells on their roof to switch them off in the middle of the day, so they don’t risk losing money by producing electricity at a minus price.
2023-07-02 05:07:41
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