Monthly report · day-ahead marketElectricity prices in Denmark, May 2024
In May 2024, electricity on the day-ahead market in West Denmark (DK1) cost an average of DKK 0.44/kWh (€58.52/MWh); with taxes, network charges and a sample supplier margin, the estimated final price was around DKK 1.96/kWh.
That is 1% less than in April 2024.
The cheapest day was Thursday, 16 May 2024, averaging DKK 0.14/kWh; the most expensive was Friday, 24 May 2024 at DKK 0.75/kWh.
The lowest price came on 12 May 2024 at 16:00 (DKK -0.21/kWh), the highest on 23 May 2024 at 20:00 (DKK 1.31/kWh). In total, prices were below zero for 75 hours.
On an average day, the cheapest three hours were 13:00–16:00. Weekends were on average 10% cheaper than weekdays.
Compared with
- Previous month (April 2024)
- DKK 0.44 ▼
- Weekdays
- DKK 0.45
- Weekends
- DKK 0.40
Wholesale price · /kWh
Price by day
Daily wholesale average; the line marks the monthly average.
/kWh
The average day
Average wholesale price for each hour of the day this month.
/kWh · 13:00–16:00
All days
| Day | Average | Lowest | Highest | Hours < 0 | Final (est.) |
|---|---|---|---|---|---|
| 1 May Wednesday | DKK 0.17 | DKK -0.02 12:00 | DKK 0.38 19:00 | 8 | DKK 1.63 |
| 2 May Thursday | DKK 0.17 | DKK -0.02 13:00 | DKK 0.44 08:00 | 5 | DKK 1.62 |
| 3 May Friday | DKK 0.37 | DKK 0.22 01:00 | DKK 0.82 20:00 | – | DKK 1.88 |
| 4 May Saturday | DKK 0.56 | DKK 0.10 14:00 | DKK 1.01 20:00 | – | DKK 2.12 |
| 5 May Sunday | DKK 0.41 | DKK 0.00 15:00 | DKK 0.83 20:00 | 1 | DKK 1.92 |
| 6 May Monday | DKK 0.69 | DKK 0.48 11:00 | DKK 1.07 20:00 | – | DKK 2.28 |
| 7 May Tuesday | DKK 0.66 | DKK 0.36 14:00 | DKK 1.13 20:00 | – | DKK 2.24 |
| 8 May Wednesday | DKK 0.67 | DKK 0.45 15:00 | DKK 1.00 20:00 | – | DKK 2.25 |
| 9 May Thursday | DKK 0.44 | DKK -0.01 14:00 | DKK 0.88 20:00 | 5 | DKK 1.96 |
| 10 May Friday | DKK 0.53 | DKK 0.00 14:00 | DKK 1.19 20:00 | – | DKK 2.07 |
| 11 May Saturday | DKK 0.38 | DKK -0.01 14:00 | DKK 0.81 20:00 | 5 | DKK 1.89 |
| 12 May Sunday | DKK 0.17 | DKK -0.21 16:00 | DKK 0.55 20:00 | 9 | DKK 1.62 |
| 13 May Monday | DKK 0.22 | DKK -0.02 12:00 | DKK 0.75 07:00 | 5 | DKK 1.69 |
| 14 May Tuesday | DKK 0.14 | DKK -0.04 14:00 | DKK 0.35 08:00 | 8 | DKK 1.59 |
| 15 May Wednesday | DKK 0.19 | DKK -0.01 12:00 | DKK 0.45 08:00 | 5 | DKK 1.65 |
| 16 May Thursday | DKK 0.14 | DKK -0.01 13:00 | DKK 0.34 07:00 | 3 | DKK 1.59 |
| 17 May Friday | DKK 0.17 | DKK 0.10 14:00 | DKK 0.25 20:00 | – | DKK 1.62 |
| 18 May Saturday | DKK 0.33 | DKK -0.02 14:00 | DKK 0.93 20:00 | 5 | DKK 1.83 |
| 19 May Sunday | DKK 0.39 | DKK -0.11 14:00 | DKK 0.92 21:00 | 8 | DKK 1.90 |
| 20 May Monday | DKK 0.47 | DKK 0.00 14:00 | DKK 0.94 20:00 | 2 | DKK 2.01 |
| 21 May Tuesday | DKK 0.40 | DKK 0.20 12:00 | DKK 0.87 07:00 | – | DKK 1.92 |
| 22 May Wednesday | DKK 0.35 | DKK 0.02 15:00 | DKK 1.02 20:00 | – | DKK 1.85 |
| 23 May Thursday | DKK 0.67 | DKK 0.34 13:00 | DKK 1.31 20:00 | – | DKK 2.25 |
| 24 May Friday | DKK 0.75 | DKK 0.61 14:00 | DKK 0.97 19:00 | – | DKK 2.36 |
| 25 May Saturday | DKK 0.54 | DKK 0.00 14:00 | DKK 1.02 21:00 | – | DKK 2.08 |
| 26 May Sunday | DKK 0.44 | DKK -0.05 13:00 | DKK 0.90 21:00 | 6 | DKK 1.97 |
| 27 May Monday | DKK 0.71 | DKK 0.48 14:00 | DKK 1.15 20:00 | – | DKK 2.30 |
| 28 May Tuesday | DKK 0.65 | DKK 0.41 13:00 | DKK 0.97 20:00 | – | DKK 2.23 |
| 29 May Wednesday | DKK 0.50 | DKK 0.25 13:00 | DKK 1.00 21:00 | – | DKK 2.04 |
| 30 May Thursday | DKK 0.68 | DKK 0.42 15:00 | DKK 1.15 20:00 | – | DKK 2.27 |
| 31 May Friday | DKK 0.57 | DKK 0.33 16:00 | DKK 0.78 21:00 | – | DKK 2.13 |
/kWh · Today · Methodology
In May 2024, electricity on the day-ahead market in East Denmark (DK2) cost an average of DKK 0.43/kWh (€58.12/MWh); with taxes, network charges and a sample supplier margin, the estimated final price was around DKK 1.98/kWh.
That is 4% less than in April 2024.
The cheapest day was Friday, 17 May 2024, averaging DKK 0.09/kWh; the most expensive was Monday, 27 May 2024 at DKK 0.79/kWh.
The lowest price came on 19 May 2024 at 14:00 (DKK -0.11/kWh), the highest on 27 May 2024 at 20:00 (DKK 1.65/kWh). In total, prices were below zero for 59 hours.
On an average day, the cheapest three hours were 12:00–15:00. Weekends were on average 8% cheaper than weekdays.
Compared with
- Previous month (April 2024)
- DKK 0.45 ▼
- Weekdays
- DKK 0.44
- Weekends
- DKK 0.41
Wholesale price · /kWh
Price by day
Daily wholesale average; the line marks the monthly average.
/kWh
The average day
Average wholesale price for each hour of the day this month.
/kWh · 12:00–15:00
All days
| Day | Average | Lowest | Highest | Hours < 0 | Final (est.) |
|---|---|---|---|---|---|
| 1 May Wednesday | DKK 0.15 | DKK -0.02 12:00 | DKK 0.36 20:00 | 8 | DKK 1.63 |
| 2 May Thursday | DKK 0.17 | DKK -0.02 13:00 | DKK 0.44 08:00 | 4 | DKK 1.65 |
| 3 May Friday | DKK 0.37 | DKK 0.22 01:00 | DKK 0.82 20:00 | – | DKK 1.90 |
| 4 May Saturday | DKK 0.56 | DKK 0.10 14:00 | DKK 1.01 20:00 | – | DKK 2.14 |
| 5 May Sunday | DKK 0.41 | DKK 0.01 14:00 | DKK 0.83 20:00 | – | DKK 1.95 |
| 6 May Monday | DKK 0.67 | DKK 0.48 04:00 | DKK 1.07 20:00 | – | DKK 2.28 |
| 7 May Tuesday | DKK 0.65 | DKK 0.36 14:00 | DKK 1.13 20:00 | – | DKK 2.26 |
| 8 May Wednesday | DKK 0.67 | DKK 0.45 15:00 | DKK 1.00 20:00 | – | DKK 2.28 |
| 9 May Thursday | DKK 0.44 | DKK -0.01 14:00 | DKK 0.88 20:00 | 4 | DKK 1.99 |
| 10 May Friday | DKK 0.54 | DKK 0.00 13:00 | DKK 1.24 20:00 | – | DKK 2.12 |
| 11 May Saturday | DKK 0.43 | DKK -0.01 14:00 | DKK 0.91 20:00 | 4 | DKK 1.97 |
| 12 May Sunday | DKK 0.18 | DKK -0.05 13:00 | DKK 0.55 20:00 | 8 | DKK 1.67 |
| 13 May Monday | DKK 0.23 | DKK 0.00 14:00 | DKK 0.75 07:00 | – | DKK 1.72 |
| 14 May Tuesday | DKK 0.14 | DKK -0.04 14:00 | DKK 0.41 07:00 | 6 | DKK 1.61 |
| 15 May Wednesday | DKK 0.15 | DKK -0.01 13:00 | DKK 0.45 08:00 | 4 | DKK 1.63 |
| 16 May Thursday | DKK 0.10 | DKK -0.01 13:00 | DKK 0.34 07:00 | 3 | DKK 1.57 |
| 17 May Friday | DKK 0.09 | DKK 0.01 14:00 | DKK 0.25 20:00 | – | DKK 1.55 |
| 18 May Saturday | DKK 0.30 | DKK -0.02 14:00 | DKK 0.93 20:00 | 5 | DKK 1.81 |
| 19 May Sunday | DKK 0.39 | DKK -0.11 14:00 | DKK 0.92 21:00 | 8 | DKK 1.93 |
| 20 May Monday | DKK 0.48 | DKK 0.00 13:00 | DKK 0.94 20:00 | – | DKK 2.03 |
| 21 May Tuesday | DKK 0.29 | DKK 0.06 23:00 | DKK 0.87 07:00 | – | DKK 1.80 |
| 22 May Wednesday | DKK 0.19 | DKK 0.02 03:00 | DKK 0.56 22:00 | – | DKK 1.68 |
| 23 May Thursday | DKK 0.67 | DKK 0.34 13:00 | DKK 1.31 20:00 | – | DKK 2.28 |
| 24 May Friday | DKK 0.76 | DKK 0.63 16:00 | DKK 0.97 19:00 | – | DKK 2.39 |
| 25 May Saturday | DKK 0.54 | DKK 0.00 14:00 | DKK 1.02 21:00 | – | DKK 2.11 |
| 26 May Sunday | DKK 0.44 | DKK -0.05 13:00 | DKK 0.90 21:00 | 5 | DKK 1.99 |
| 27 May Monday | DKK 0.79 | DKK 0.51 03:00 | DKK 1.65 20:00 | – | DKK 2.43 |
| 28 May Tuesday | DKK 0.68 | DKK 0.41 13:00 | DKK 1.08 20:00 | – | DKK 2.29 |
| 29 May Wednesday | DKK 0.59 | DKK 0.34 05:00 | DKK 1.07 21:00 | – | DKK 2.18 |
| 30 May Thursday | DKK 0.73 | DKK 0.47 13:00 | DKK 1.15 20:00 | – | DKK 2.35 |
| 31 May Friday | DKK 0.63 | DKK 0.46 03:00 | DKK 0.86 20:00 | – | DKK 2.23 |
/kWh · Today · Methodology