Denmark would be experiencing its highest electricity price due to the extreme weather conditions.
Data from the national electricity stock exchange, Nord Pool, show a price of at least 6 kroner per kilowatt hour between 7 pm and 8 pm on Monday, including taxes.
The price of electricity fell to around 3.5 kroner per kilowatt hour in March, and that was because of the energy crisis that plagued many powerful countries in the world as every leader scrambled to find a solution to their problems.
According to analyst Kristian Rune Poulsen of sector organization Green Power Denmark, it is the extreme climate condition that is the cause of the rise.
“We have an energy system where you typically look at the weather when there are large swings [in price],” Poulsen said.
“The sharp spike in prices on Monday is due to things like the sun not beginning to go down earlier in the day. We also have a day where there’s not much wind,” he said.
Large changes in the price of energy are not new but have become more frequent, Poulsen said.
“We have had and are essentially still in an energy crisis that has made fossil fuel energy very expensive. And that’s the energy we need when solar and wind can’t supply the goods. It makes the expensive hours more expensive,” he said.