I’ve been reading their explanation on the promotions for new clients but I’m still confused about some areas. For example:

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**Modstrøm Grundprodukt**

**Nord Pool Spotpris + 18,75 øre/kwh inkl. moms**

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What is this nord pool spotpris they talk about? I googled and only found this and don’t understand it: [https://www.nordpoolgroup.com/en/Market-data1/Dayahead/Area-Prices/ALL1/Hourly/?view=table](https://www.nordpoolgroup.com/en/Market-data1/Dayahead/Area-Prices/ALL1/Hourly/?view=table)

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Then both **modPRIS** and **FastIntro** say:

* 12,5 øre pr. kWh

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But there’s a small print saying ” Din kWh-pris gælder så længe den gennemsnitlige spotpris ikke overstiger Referenceprisen – 87,50 øre pr. kWh. Herefter betales differencen mellem Referenceprisen og den gennemsnitlige spotpris.” (“Your kWh price applies as long as the average spot price does not exceed the Reference price – 87.50 øre per kWh. The difference between the Reference Price and the average spot price is then paid.”). And I don’t see the hourly prices near that at all, they are usually at about 4-5 DKK/kWh)

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Any clues?

1 comment

  1. Nord Pool is the marketplace for electricity in many markets in Northern Europe + a few more countries, including Denmark.

    The spot price is a price per kWh for each hour of the day, determined the day before. This is determined by supply and demand, and in most simplest term; an estimate is made for the electricity demand for each hour. Electricity producers then bid in with the amount they can produce and their price. This is then “purchased” from cheapest to most expensive, and the most expensive price that is necessary to meet demand sets the kWh price for that hour.

    From your post it would appear you will be paying 12.5 øre/kWh with the intro offers, irrespective of the spot price. However, if the average spot price for a month is above the “reference pris” (87.5 øre/kWh), you’ll will be the difference on top of the 12.5 øre/kWh.

    An example: In October you used 100 kWh. For this you’ll pay 100 kWh * 12.5 øre/kWh = 12.5 kr.
    If the average spot price for October is less than 87.5 øre/kWh, that 12.5 kr is all you pay purely for electricity (there are many fees and taxes on top though, but these are independent of your provider). However, if the average spot price in October is 110 øre/kWh, you’ll pay also the difference (in this example 22.5 øre/kWh).
    Pure electricity will then be 100 kWh * (12.5 + 22.5) øre/kWh = 35 kr.

    Beware the intro offers only last 6 month, and you’ll get tranferred to a significantly more expensive plan after. If you make sure to change again in 6 months, this offer can be very cheap. You’ll have to stay under the total kWh limits also.

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