In this electricity price app you can easily see the current spot price for electricity.
You quickly get an overview of the electricity price during the day through the 2 graphs that show the electricity price for the next two days.
See how much it costs in electricity to charge your electric car or start a washing machine. then you can easily decide whether you should wait a bit to switch on your equipment.
The Danish electricity system is divided into two bidding zones: DK1 and DK2. DK1 represents Western Denmark and includes Jutland and Funen. DK2 represents Eastern Denmark and includes Zealand and Bornholm. DK1 is connected to the Central European frequency range and DK2 is connected to the Nordic frequency range.
You have the option of choosing between the electricity areas "West (DK1)" and "East (DK2)". Based on the selected area, the app gives you an electricity overview with electricity prices. for the next 2 days.
Energinet adjusts the electricity tariffs for 2023
PUBLISHED D. 7.9.2022 09.02
In the coming years, the green transition will create such major changes in the energy system that Energinet will have to raise the final electricity consumption tariffs for 2023 by 3.1 øre/kWh, so that they land at 14.3 øre/kWh. However, income from Denmark's foreign connections helps to keep the increase down.
Electricity consumers' payment for Energinet, on behalf of society, to operate and develop the electricity transmission network and ensure Danes have power in the socket, will increase in 2023.
The final consumption tariffs (including balance tariff) thus amount to 14.3 øre/kWh in 2023, which is an increase of 3.1 øre/kWh compared to 2022.
According to Energinet, this concretely means that an average household will pay DKK 125 more per year. A medium-sized company will pay DKK 31,000 more per year. And the large companies will pay DKK 775,000 more per year.
A number of factors come into play
Marie Budtz, who is head of department at Energinet, says that the development in Energinet's electricity tariffs from 2022 to 2023 is characterized by a number of significant factors which are more significant than we have seen previously.
"There is a lot going on outside Energinet's walls that has a big influence on what the electricity consumers' tariff for 2023 will look like. The most important factor is that the system must be adjusted so that electricity from wind and solar will replace oil, coal and natural gas in the future. And with the war in Ukraine, the transition has been accelerated. Many wind and solar plants, which are placed far away from consumption, must be connected to the grid and the power transported to the consumers. It all contributes to raising the price so that Energinet can operate and develop the energy system and ensure a stable supply to the Danes", says Marie Budtz Pedersen.
New economic regulation
It is not only the green transition that is helping to push up the tariff. Like the rest of Europe, Energinet is also affected by the high energy prices, which i.a. due to the war in Ukraine. And finally, the tariff increase is due to the fact that the Danish Parliament has subjected Energinet to a new financial regulation per 1 January 2023, which means that Energinet must build up sufficient equity to withstand future losses. Today, Energinet is subject to a financial self-sustainability principle, which means that expenses match earnings, krone for krone, without the risk of losses having to be covered by equity.
The new regulation imposes a number of new financial risks on Energinet, which require the building of a financial "buffer" as protection against the increased risk. In isolation, the transition to new economic regulation entails an expected tariff increase from 2022 to 2023 of 1.5 øre/kWh.
The combination of increased costs for network expansion in connection with the connection of new, green energy, high energy prices and new economic regulation means that Energinet needs to increase tariffs.
Furthermore, it is expected that, despite the current price trend, Danish electricity consumption will increase. When we use more electricity overall, the tariff basis for Energinet increases, which covers increased expenses and affects the tariff payment in a positive direction.
You quickly get an overview of the electricity price during the day through the 2 graphs that show the electricity price for the next two days.
See how much it costs in electricity to charge your electric car or start a washing machine. then you can easily decide whether you should wait a bit to switch on your equipment.
The Danish electricity system is divided into two bidding zones: DK1 and DK2. DK1 represents Western Denmark and includes Jutland and Funen. DK2 represents Eastern Denmark and includes Zealand and Bornholm. DK1 is connected to the Central European frequency range and DK2 is connected to the Nordic frequency range.
You have the option of choosing between the electricity areas "West (DK1)" and "East (DK2)". Based on the selected area, the app gives you an electricity overview with electricity prices. for the next 2 days.
Energinet adjusts the electricity tariffs for 2023
PUBLISHED D. 7.9.2022 09.02
In the coming years, the green transition will create such major changes in the energy system that Energinet will have to raise the final electricity consumption tariffs for 2023 by 3.1 øre/kWh, so that they land at 14.3 øre/kWh. However, income from Denmark's foreign connections helps to keep the increase down.
Electricity consumers' payment for Energinet, on behalf of society, to operate and develop the electricity transmission network and ensure Danes have power in the socket, will increase in 2023.
The final consumption tariffs (including balance tariff) thus amount to 14.3 øre/kWh in 2023, which is an increase of 3.1 øre/kWh compared to 2022.
According to Energinet, this concretely means that an average household will pay DKK 125 more per year. A medium-sized company will pay DKK 31,000 more per year. And the large companies will pay DKK 775,000 more per year.
A number of factors come into play
Marie Budtz, who is head of department at Energinet, says that the development in Energinet's electricity tariffs from 2022 to 2023 is characterized by a number of significant factors which are more significant than we have seen previously.
"There is a lot going on outside Energinet's walls that has a big influence on what the electricity consumers' tariff for 2023 will look like. The most important factor is that the system must be adjusted so that electricity from wind and solar will replace oil, coal and natural gas in the future. And with the war in Ukraine, the transition has been accelerated. Many wind and solar plants, which are placed far away from consumption, must be connected to the grid and the power transported to the consumers. It all contributes to raising the price so that Energinet can operate and develop the energy system and ensure a stable supply to the Danes", says Marie Budtz Pedersen.
New economic regulation
It is not only the green transition that is helping to push up the tariff. Like the rest of Europe, Energinet is also affected by the high energy prices, which i.a. due to the war in Ukraine. And finally, the tariff increase is due to the fact that the Danish Parliament has subjected Energinet to a new financial regulation per 1 January 2023, which means that Energinet must build up sufficient equity to withstand future losses. Today, Energinet is subject to a financial self-sustainability principle, which means that expenses match earnings, krone for krone, without the risk of losses having to be covered by equity.
The new regulation imposes a number of new financial risks on Energinet, which require the building of a financial "buffer" as protection against the increased risk. In isolation, the transition to new economic regulation entails an expected tariff increase from 2022 to 2023 of 1.5 øre/kWh.
The combination of increased costs for network expansion in connection with the connection of new, green energy, high energy prices and new economic regulation means that Energinet needs to increase tariffs.
Furthermore, it is expected that, despite the current price trend, Danish electricity consumption will increase. When we use more electricity overall, the tariff basis for Energinet increases, which covers increased expenses and affects the tariff payment in a positive direction.
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