Advertisement

Denmark’s energy prices hit highest level for nine years

Author thumbnail
Ritzau/The Local - [email protected]
Denmark’s energy prices hit highest level for nine years
(ARKIV) Avedøreværk uden for København, den 11. november 2013. Avedørekraftværket kørte tidligere på kul, men er blevet omdannet til et biomassefyret kraftværk, der bruger træpiller. Aalborg vil stoppe sorte investeringer i fossile brændsler. Dermed har 20 danske kommuner nu droppet kul- og olieselskaber. "Ren populisme", mener borgmester. Det skriver Ritzau, fredag den 10. august 2018.. (Foto: Kasper Palsnov/Ritzau Scanpix)

Rising electricity and gas prices mean that consumer prices in September hit a nine-year peak.

Advertisement

Prices paid by consumers for electricity and gas have risen by 2.2 percent during recent years and are currently at their highest level since November 2012, according to figures from Statistics Denmark.

Electricity is pulling energy prices up significantly, have gone up in price by 15.2 percent in the last 12 months, resulting in its highest price for 13 years.

High prices are in part a result of relatively low rainfall in Norway during the summer, according to Kristian Skriver, senior economist with the Danish Chamber of Commerce (Dansk Erhverv).

Advertisement

“That has worn down water supplies at the Nordic water power stations which produce energy to countries including Denmark, thereby sending electricity prices soaring,” Skriver commented.

“On top of that, less wind during the summer has resulted in less wind production of electricity,” he added.

READ ALSO: Why are electricity prices increasing in Denmark?

Gas prices have also risen dramatically by 52.8 percent in the last year, the steepest increase seen over 12 months since 1980.

Gas has less of an impact on overall energy prices for Danish consumers but means the 400,000 households in the country which are heated by gas face the biggest increases to bills.

Consumer prices for energy are closely monitored by economists and the central bank, Nationalbanken, which favour a small, stable annual price increase of around two percent, which maintains demand.

More

Comments

Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also