Danish news site DR has warned readers that there is likely to be a significant rise in electricity prices in December, as Europe looks to face a particularly cold winter.
In recent months, electricity prices in Denmark have been at a relatively low level. In fact, in October they dropped steadily due to the fact that Denmark has a large amount of wind energy, and there is more wind during autumn. However, according to the energy supplier Andel Energi, electricity prices are soon going to rise, reaching a price of 5 kroner during periods of peak load.
The reason for this likely rise is that particularly cold temperatures are due to hit Denmark, and much of Europe, in the first couple of weeks of December. Jack Michael Kristensen, of Andel Energi, states that although it is not guaranteed, it’s very possible that this cold period will extend all the way into January.
This cold, combined with limited wind for wind turbines, means that the price of electricity will go up and also that Denmark will now be required to buy energy from Germany at a much higher price. Therefore experts are warning that there will likely be high prices in the months to come and that Danes will face either paying more or needing to put on an extra sweater this winter!
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