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Sweden's far-right party gives up on cabinet posts amid post-election gridlock
Energy company Norlys reported Denmark's wholesale electricity prices hit their highest levels since December 2022 last week, reaching 1.8 kroner per kWh in western Denmark and 2 kroner per kWh in the east.
A weather phenomenon called 'Dunkelflaute'—days with minimal wind and solar output—forced energy providers to rely on expensive oil and gas generation amid geopolitical tensions from Russia's invasion of Ukraine and the war against Iran.
While significant, these rates remain below the 2.9 kroner per kWh recorded during the 2022 energy crisis. Southern Norway spot prices reached 279.93 øre per kWh on November 10, 2026, reflecting broader regional tightening.
The regional energy crunch has heightened concerns about Denmark's grid vulnerability during extended periods of low renewable output, as the country struggles to import cheap energy from neighboring regions when weather suppresses production.
Despite the ongoing reliance on thermal power, current infrastructure is managing supply pressures better than during the 2022 crisis, suggesting markets are adapting to recurring supply shocks across the Nordic region.