CUBS has signed agreements with 3 additional energy companies in the fourth quarter of 2023, and by the end of 2023 will be the most widely used billing platform on the Danish electricity market.
“CUBS is today the billing solution used by most Danish electricity traders”, says CEO, Peter Ulka, and continues: “We have a market share in Denmark of over 30% measured by the number of companies using our solution, but of course not yet on the number of measurement points due to the market structure in Denmark”.
The Danish electricity market is characterized by the fact that 75.6% of the turnover lies with the four largest players in the market. In comparison, the 4 largest players in the electricity market in Sweden have only 39.5% of the turnover, and the corresponding figure for Germany is 37.9%.
