- Update
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- Format
- 4 files (PDF report, 3 Excel files)
- Pages
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64 (Report only)
- Delivery
- Immediate by e-mail
- GENERAL OVERVIEW
- ENERGY AND CLIMATE POLICY FRAMEWORK
- ENERGY COMPANIES
- ENERGY SUPPLY AND DEMAND
- ENERGY USE AND PRICE BY SECTOR
- ISSUES AND PROSPECTS
- STATISTICS
- ABBREVIATIONS
- GLOSSARY
Buy Denmark energy report
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After validation, you will immediately receive 4 files by email (one pdf report and 3 excel files containing the datasets).
Overview
Denmark is advancing an ambitious climate and energy strategy, targeting carbon neutrality by 2045 and a fully renewable power sector by 2030. Key measures include phasing out fossil fuels, expanding offshore wind capacity, and investing in green hydrogen and carbon capture technologies, supported by competitive tenders and regulatory reforms.
Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.
Highlights
- Denmark plans to supply 100% of its power consumption with renewables by 2028-2030, to reduce GHG emissions by 70% in 2030, and to reach carbon neutrality by 2045. The Danish Parliament agreed to phase out fossil fuel extraction by 2050.
- The two largest power generators (Ørsted, Vattenfall) only account for around 35% of total production. The Danish Underground Consortium is the main oil and gas player with a share of production of 90% in 2024.
- Renewables accounted for over 90% of the power mix in 2024 (+58 points since 2010). Hydrocarbon production is falling, and the country has been a net crude oil importer since 2017.
- Industrial gas prices increased 6-fold between 2020 and 2022 and fell by 60% since then. Electricity prices for households doubled in 2022 and have been decreasing since then.
- Around 12 GW of wind capacity is under construction or development. New electricity interconnection projects with Germany and the UK are under development, along with many CCS and hydrogen projects.
Energy & Climate Policy Framework
DEA, the Danish Energy Agency (Energistyrelsen, ENS in Danish), under the supervision of the Ministry for Climate, Energy, and Utilities, is in charge of energy policy and planning in as far as the supply, production, consumption and efficiency of energy are concerned.
Energy Companies
Gas:
The Danish Underground Company (DUC) - a joint venture involving TotalEnergies (43.2%), BlueNord (36.8%) and Nordsøfonden (20%) - accounts for 97% of gas production from the Danish North Sea in 2023. Nordsøfonden, the Danish state oil and gas company, accounted for 9% of total gas production in 2024 with 249 mcm.
Energy Supply & Demand
Gas:
Gas production increased by 30% to 2.7 bcm in 2024 with the reopening of Tyra field in the North Sea as part of the plan to reduce dependence from Russian gas; it remained broadly stable from 2021 to 2023, and declined by 10%/year since a peak at 10.5 bcm in 2005.
Energy Use and Price by Sector
Energy Prices in Industry:
Energy prices include a VAT rate of 25% (since 1992). After almost doubling in 2022 to nearly €19c/kWh, electricity prices for industry have been falling since 2023 (-34% in 2023 and -4.7% in 2024), though remaining 76% above their 2020 level. Taxes on industrial electricity prices are lower (16% in 2022 and 1% in 2024), resulting in a price of €12c/kWh (30% below the EU average in 2024).
Issues & Prospects
According to its 2024 NECP, final energy consumption is expected to increase by 0.3%/year, while total energy consumption will remain stable. Consumption of coal is expected to be reduced by 95% in 2030, compared with 2017, while the share of renewables should be at least 58%. Over 2022-2050, consumption of gas is projected to be reduced by 73% to 5.3 TWh/year.
- Graph 1: Final Intensity to GDP
- Graph 2: Primary Consumption Trends by Energy Source
- Graph 3: Total Consumption Market Share by Energy (2024)
- Graph 4: Installed Electric Capacity by Source
- Graph 5: Installed Electric Capacity by Source (2024)
- Graph 6: Gross Power Production by Source & Consumption
- Graph 7: Power Generation by Source (2024)
- Graph 8: CO2 Intensity of Electricity Generation
- Graph 9: Crude Oil Production & Consumption
- Graph 10: Petroleum Products Production & Consumption
- Graph 11: Gas Production & Consumption
- Graph 12: Coal Production & Consumption
- Graph 13: Emissions of GHG and CO2 from Fuel Combustion
- Graph 14: CO2-Emissions per Capita
- Graph 15: CO2 Intensity to GDP
- Graph 16: Final Demand Trends by Energy Source
- Graph 17: Final Consumption by Sector
- Graph 18: Final Consumption Market Share by Sector (2024)
- Graph 19: Share of Electricity in Total Final Energy Consumption
- Graph 20: Final Consumption in Industry by Energy Source
- Graph 21: Energy Prices in Industry (Taxes Included)
- Graph 22: Final Consumption in Transport by Energy Source
- Graph 23: Energy Prices in Transport (Taxes Included)
- Graph 24: Final Consumption in Residential, Services, Agriculture by Energy Source
- Graph 25: Energy Prices in Residential (Taxes Included)
- Graph 26: Upcoming New Capacity by Energy Source
- Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
- Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
- Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
- Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
The Denmark energy market data since 1990 and up to
is included in the Excel file accompanying the Denmark country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Denmark Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Denmark energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).
The Denmark country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
- Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
- Power: Electricity generation & capacities, by technology.
- CO2: Total CO2 emissions.
- Macro-economy: Main macro-economic assumptions.
- Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.