News

Electricity prices dip to lowest level since May

Windy weather across Europe means and falling gas prices could lead to more of the same in the coming months  

If you’ve been waiting for more favourable electricity prices to get to that massive pile of laundry in the basement, today is a good time to get to it.

Thanks to windy weather today, electricity prices are set to hit their lowest mark since May, according to the Nord Pool power exchange.

“We have a lot of affordable energy at our disposal. We actually have more than we need, particularly because there is a lot of wind across much of Europe,” Kristian Rune Poulsen, a head consultant with Green Power Denmark, said according to DR Nyheder.

READ ALSO: New security report paints dour future 

Gas prices dropping
Poulsen said that he expected more days like today in the near future as there is typically more wind during the Autumn months. 

But because Europe also relies on gas to produce electricity when it is not windy, the falling gas prices will also have a positive impact on power prices. 

Check out the daily electricity prices from Nord Pool here. 

TOP STORIES

  • How saying ‘yes’ to doing things led international Martijn Koekkoek to carve out a career in networking in Denmark

    How saying ‘yes’ to doing things led international Martijn Koekkoek to carve out a career in networking in Denmark

    Entrepreneurship wasn’t on the cards for Koekkoek when he moved to Copenhagen 15 years ago, but both by design and necessity, he laid the foundations of Everybody Networks Here—a networking community that encourages internationals to come as they are and connect over shared stories, passions, and struggles in an informal and inclusive setting.

  • Is Denmark’s budget surplus thanks to internationals?

    Is Denmark’s budget surplus thanks to internationals?

    Between 2002 to 2023, Denmark’s annual public balances have been underestimated by an average of 1,8% of GDP each year by the Ministry of Finance. The continued error accumulates 1,049 billion DKK unaccounted for the whole 20-year span. As the Danish government increasingly attracted international residents over that period, to what extent are internationals contributing to the country’s economic growth?

  • Bringing international theatre to the masses

    Bringing international theatre to the masses

    In a continually more globalized Copenhagen, the international crowds’ increasing demands for English entertainment have so far not been met. Now, an English-language theatre troupe, made up of internationals, is trying to bring Nordic high culture to the international crowd of Denmark

  • Trained nurses trapped in the system: Is it discrimination?

    Trained nurses trapped in the system: Is it discrimination?

    Despite language skills and years of experience, international healthcare professionals are unemployed due to system failures at SIRI and hospital recruitment.

  • Lars Fruergaard Jørgensen removed as CEO of Novo Nordisk

    Lars Fruergaard Jørgensen removed as CEO of Novo Nordisk

    According to a “mutual agreement” between board members of the global healthcare company Novo Nordisk, Lars Fruergaard Jørgensen will step down from his position as CEO. He was appointed at this position since January 2017

  • “More internationals should learn Danish”: interview to Studieskolen director

    “More internationals should learn Danish”: interview to Studieskolen director

    Qasim Shaikh, Managing Director of Studieskolen since August 2024, comments on the survey, pointing out that more Danes are becoming uncomfortable with English replacing Danish: “More internationals should consider learning the language. It would make their lives here easier.”

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

Want to advertise your job with CPH Post?

Contact us

Jobs