Minister gives green light to Dutch energy cable

Danish energy consumers can look forward to an increased electricity bill

June 3rd, 2014 11:37 am| by admin
facebooktwittergoogle_pluspinterestmail

The climate, energy and building minister, Rasmus Helveg Petersen, has approved a 700 MW sea cable that will stretch between Denmark and the Netherlands and benefit wind turbines and power plants.

The project, which still needs the approval of the Dutch government and is named the Cobra cable, has a total budget of 4.7 billion kroner – 2.25 billion kroner of which will be paid by  Danish electricity consumers via the grid tariff.

“In Denmark it’s good business for power plants, wind turbine owners, CHP plants and other power producers who have the opportunity to export more power,” Dorthe Vinther, the head of development at Energinet.dk, the national transmission system operator for electricity and natural gas, told Ingeniøren.

READ MORE: Sweden says no to new Øresund energy cable

Bills going up
But it's Denmark’s energy consumers who will ultimately pay for the billion kroner cable. Energinet.dk estimates the average consumer will experience a electricity price hike of 30 øre/kWh during its construction and about 1.5 øre/kWh once the cable is up and running.

Aside from the Dutch approval, the project still needs a green light from the Danish nature authorities, Naturstyrelsen, and also assent from Germany because the 294km cable passes through German waters.

The Cobra connection is scheduled to be operational by 2019 and be partly funded by 645 million kroner of EU subsidies.

As well as her research, Jessica Alexander’s findings are based on experience
Nordic nurture: I’d like to teach the world to bring up perfect progeny
Nordic cuisine, Nordic design, Nordic Noir – the list of successful cultu...
Syrian refugees and local residents pray before a demonstration against Syria's President Bashar al-Assad, outside the Syrian embassy in Amman
While we wait for the tsunami
Day-to-day reports of dead migrants, like the 71 found in a truck in Austri...
Lego: We are happy that we have again managed to develop exciting and fun experiences (photo: Lego Group)
Lego reports double-figure sales increase for first half of 2015
The construction toy titan Lego has delivered impressive interim accounts f...
Prime Minister Lars Løkke Rasmussen cut the ribbon at the grand opening (photo: Rockwool)
Rockwool unveils half-billion-kroner factory in northern Jutland
Yesterday, the insulation giant Rockwool unveiled its newly-renovated produ...
An attack on August 30 may have led to civilian casualties (photo: Forsvaret.dk)
Danish fighters may have caused collateral damage
Danish Defence has revealed that a bombing raid in Iraq by its F-16 fighter...
Copenhageners woke up to  modified bike seats (photo: Eventforce )
Tissue manufacturer behind bicycle stunt
Were you one of the thousands of Danes who got an unexpected woolly bottom?...