Denmark energy report

• Denmark plans to supply 100% of its power consumption with renewables by 2027 and aims to reach carbon neutrality by 2050.
• The Danish Parliament agreed to phase out fossil fuel extraction by 2050.
• Ørsted is the largest power generator.
• The Danish Underground Consortium is the main oil and gas player.
• Renewables accounted for 81% of the power mix in 2019.
• Hydrocarbon production is falling, and the country is a net crude oil importer since 2017.
• The country has a tradition of high energy taxes and prices.
• Residential electricity prices are the highest in Europe.
• The share of renewables in the energy mix has increased by 20 points since 2010 to 42%.
• Denmark is converting its coal and gas power capacity to biomass and aims to create two very large offshore wind hubs totalling 5 GW.
• New electricity interconnection projects with Germany, Sweden, and the UK are under development, along with a large gas pipeline project to Poland.

• Institutions & Energy Policy

  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

  Electricity:

  The Danish Energy Association (Dansk Energi) groups together electricity companies.

• Energy Supply

  Oil:

  Oil production has been on a downward trend since 2004, decreasing by an average of 8.4%/year to 5.1 Mt in 2019. It is estimated to have dropped by 30% in 2020. Oil production took off in the eighties and tripled between 1990 and 2000, reaching 18 Mt in 2000. It then remained stable at around 18-19 Mt until 2004.

• Energy Prices

  Gas:

  After an 11%/year increase from 2016 to 2018, residential gas prices declined by 10% in 2019 and by a further 7% in 2020. The share of taxes reached 62% for households and 34% for industrial users.

• Energy Consumption

  Denmark's consumption per capita is slightly lower than the EU average at 2.9 toe/cap and around 5 500 kWh/cap of electricity in 2019.

  Total energy consumption, which increased by 1.5%/year from 2016 to 2018, declined by 0.4% in 2019. According to the Danish Energy Agency, gross energy consumption fell by 8.5% in 2020.

  Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

• Issues & Prospects

  According to its NECP, final energy consumption is expected to increase by 0.4%/year, while total energy consumption will remain stable. Consumption of coal is expected to be reduced by 90% in 2030, compared with 2017, while the share of renewables should be 54%.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY COMPANIES
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Denmark energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2019, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2019, %)
• GRAPH 5: Gasoline & diesel prices (€/l)
• GRAPH 6: Electricity prices for industry and households (€c/kWh)
• GRAPH 7: Gas prices for industry and households (€c/kWh GCV)
• GRAPH 8: Consumption trends by energy source (Mtoe)
• GRAPH 9: Total consumption market share by energy (2019, %)
• GRAPH 10: Final consumption market share by sector (2019, %)
• GRAPH 11: Oil consumption (Mt)
• GRAPH 12: Oil consumption breakdown by sector (2019, %)
• GRAPH 13: Electricity consumption (TWh)
• GRAPH 14: Electricity consumption breakdown by sector (2019,%)
• GRAPH 15: Natural gas consumption (bcm)
• GRAPH 16: Gas consumption breakdown by sector (2019, %)
• GRAPH 17: Coal consumption (Mt)
• GRAPH 18: Coal consumption breakdown by sector (2019, %)

In the Denmark energy market report you will find the following tables:

• 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.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

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.