Winter winds make overnight electricity cheapest again

Electricity is generally cheapest between midnight and 6am as autumn and winter bring more wind power and lower overnight demand, DR reports.

In spring, prices were typically lowest in the middle of the day, when solar panels produced the most electricity. Troels Skipper, commercial director at energy company OK, said people who can shift some of their electricity use to the night should do so.

Prices can still fall around midday on sunny days, so OK recommends checking them regularly. The company also advises filling washing machines and dishwashers, using eco programmes, drying clothes on a line when possible, and moving tasks such as charging an electric car to cheaper hours.

September and October generally brought higher electricity prices. Winter tariffs from grid companies will also make power more expensive during peak periods, including between 5pm and 9pm.

OK expects prices to remain relatively high this winter, citing rising gas prices, relatively low gas storage levels in Europe and increased electricity demand when colder weather arrives. The company said current forecasts point to a mild start to winter, which could help keep prices down, and that prices are still expected to remain well below the levels seen during the 2022 energy crisis.