Summer electricity prices have been the highest in several years.
Andel Danmark says that a warm and sunny summer helped ensure that electricity prices did not become even higher than they were. (Photo: © Ida Marie Odgaard, Ritzau Scanpix) Today at 10:45
Summer electricity prices have been the highest since the energy crisis in 2022, when Russia invaded Ukraine.
This is according to figures from the Danish energy company Andel Energi.
While the average electricity price for June, July, and August in the period 2023-2025 did not exceed 0.7 kroner per kilowatt-hour, it has remained steadily above that price level throughout this summer.
- Except for February, 2026 prices have been significantly higher every single month when we compare them with prices in both 2025 and 2024, says Josefine Walter, who is commercial director at Andel Energi, in the press release.
The energy company attributes much of the blame for 2026 being such an expensive electricity year to geopolitical unrest.
The conflict between Iran and the US, which began on February 28, has, among other things, meant that the Strait of Hormuz – through which about one-fifth of the world's oil and gas is transported – has been closed for long periods and remains so.
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Sunny summer made a difference
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Although quite a lot of electricity is produced in Denmark from sources like solar and wind, electricity is also traded across borders.
According to the media outlet Faktor, about 20 percent of electricity production in Germany, with which Denmark trades electricity, is based on gas – and partly due to this, a closed Strait of Hormuz also pushes up Danish electricity prices.
Andel Danmark states that a warm and sunny summer helped ensure that electricity prices did not become even higher than they were.
- But when we look toward autumn, when solar production decreases and the heating season begins, we could risk facing a fairly serious situation, says Josefine Walter in the press release.
However, Andel Energi does not expect that prices will rise to the same extent as during the energy crisis from August to October 2022, when energy prices at certain times were up to ten times higher than before the crisis.
RITZAU
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