Monday brought cheaper electricity

Danish electricity bills decreased as grid companies adjusted their transportation tariffs on April 1st. N1, serving 800,000 consumers in Jutland, slashed its peak hour (17-21) tariff from 99 to 43 øre/kWh. Tariffs from 6 to 17 and 21 to 24 dropped from 33 to 11 øre/kWh, while nighttime rates remain unchanged. The reduction is attributed to decreased summer demand and an effort to distribute consumption throughout the day, thus avoiding expensive grid upgrades, explains N1’s Daniel Skovsbo Erichsen. Customers are already shifting usage to nighttime to save money. Similarly, Radius in Copenhagen and North Zealand has reduced their peak tariff from 137 to 59 øre/kWh. Despite the cuts, the grid tariff is merely a part of the overall electricity cost which also includes a system tariff, taxes, the actual energy price, VAT, and an annual meter subscription.