According to the current understanding, the recently observed accelerated expansion of the universe is caused by the dark or the vacuum energy. Attempts to calculate the magnitude of this energy using the standard model of particle physics led to values which are 59 – 120 orders of magnitude larger than the experimentally estimated one. Even though the expanding space has positive internal energy, in a flat universe it is completely balanced by the negative energy of gravitational field making the net energy equal to zero. However, the current physical theories may breakdown for times less than or on the order of Planck time and one cannot assume that the above assertion concerning the balance of two energies is valid also in this time scale. In this note it is assumed that this balance of the two energies during the creation of new space as the universe expands takes place only for times larger than the Planck time. If this assumption is correct, the net energy of the newly created space remains positive for times on the order of Planck time and the positive vacuum energy has to be burrowed from empty space before it is being balanced by gravity. This can happen only within the restrictions of the time-energy uncertainty principle. In this note it is shown that such considerations lead to a vacuum energy density of about 0.3 Nanojoules per cubic meter which has to be compared with the measured value of 0.6 Nanojoules per cubic meter.