Danish homeowners facing high electricity prices as temperatures plummet along with wind speeds

In other energy news, PtX and CO2 storage projects offer new alternatives and leading polluter Aalborg Portland seeks to curtail emissions

Loïc Padovani

Dec 12, 2022

Petrol prices have been on the decline recently to the point they are now on a par with pre-War in Ukraine prices seen in 2021. A similar trend has been observed with natural gas prices.

Nevertheless, energy prices for homeowners have been rising due to the cold spell. Before temperatures plummeted, it was quite easy to pick and choose the best times of the day to run the dishwasher or washing machine and only pay 1 kroner per KWh.

But now, low temperatures combined with low wind speeds have seen hourly rates rise to between 3 and 5 kroner per KWh.

Generally, 21:00-06:00 is a favourable time as prices tend not to exceed 3 kroner per KWh. The best time is usually from 02:00-03:00.

Huge Power-to-X potential
In other energy news, Ørsted and Skovgaard Energy, two power companies involved in renewable energy development, have joined forces to develop a large-scale Power-to-X (PtX) facility in western Denmark.

The project, which will be located in Idomlund, is expected to be the landfall for parts of the huge offshore wind expansion taking place in the North Sea.

The project has the potential to become Europe’s largest PtX facility, as it is expected to produce 65 GW by 2030 and at least 150 GW by 2050.

Danish Energy Agency to allow CO2 storage project
There are a few other energy projects on the horizon in Denmark as well.

A Greensand pilot project is aiming to inject and store up to 15,000 tonnes of CO2 in the former Nini West oil field in the North Sea.

A project permit, which has been approved by the Danish Energy Agency, is set to run until April 1.

Aalborg Portland seeks emission cuts
Additionally, Aalborg Portland has unveiled a pilot project involving plans to capture CO2 via a new plant.

The country’s biggest CO2 emitter is working hard to reduce its carbon emissions, and it has formulated a goal to decrease emissions by 70 percent by 2030.

According to Aalborg Portland CEO, Michael Lundgaard Thomsen, the new plant will cost billions of kroner, but could capture around 400,000 tonnes of CO2 annually by 2030.

TOP STORIES

“Talents, start using AI tools now,” says Siri and Change.org founder

In an exclusive interview with The Copenhagen Post, the founder of Siri and Change.org, and currently VP of AI Experience at Airbnb, gives young talents advice on how to deal with the job market changed by artificial intelligence.
Testing free school meals for 20,000 kids and tax deduction for homeowners in 2025 Finance Act

The government has reached an agreement on next year’s Finance Act with SF and Radikale Venstre. A test on free school meals for a limited number of children will be introduced. Homeowners will get more options for deductions for home improvements
Make your voice heard as an expat

In my last op-ed, I made the case that we, expats living in Denmark, need to step up if we want to tackle the headaches that seem baked into expat life—e.g., counterintuitive laws and endless paperwork. With almost 16% of Denmark’s population made up of internationals, we actually have the numbers to influence real change. But after publishing the last op-ed, several readers contacted me and asked: Okay, but what can we actually do?
Danish politicians will double life science exports in a few years

“Strategy for life science” is a policy agreement to support the pharmaceutical industry’s opportunities to double exports to DKK 350 billion towards 2030
Royal House unveils new portraits of King Frederik and Queen Mary

Ten months after Frederik went from crown prince to king, new civil portraits of the new royal couple have been taken.
“Without internationals, we wouldn’t have the people we need,” says Fujifilm

Fujifilm’s Hillerød facility thrives with a diverse workforce, employing over 1,800 people from more than 65 nationalities. Morten Munk, Director of Global Alliance Management, highlights how the company’s rapid growth relies on attracting international talent due to Denmark’s limited pool of scientific professionals.

Connect club

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

5 Dec: A guided tour of Christiansborg

Career

“Talents, start using AI tools now,” says Siri and Change.org founder

In an exclusive interview with The Copenhagen Post, the founder of Siri and Change.org, and currently VP of AI Experience at Airbnb, gives young talents advice on how to deal with the job market changed by artificial intelligence.
“Without internationals, we wouldn’t have the people we need,” says Fujifilm

Fujifilm’s Hillerød facility thrives with a diverse workforce, employing over 1,800 people from more than 65 nationalities. Morten Munk, Director of Global Alliance Management, highlights how the company’s rapid growth relies on attracting international talent due to Denmark’s limited pool of scientific professionals.
“Now the biggest challenge is to retain internationals”, says Ferring

Mads Hougaard, senior HR director at the pharmaceutical company, explains that “it is also a challenge for society itself. I think collaboration between institutions, companies, and stakeholders could be beneficial.”

Want to advertise your job with CPH Post?

Jobs