Denmark energy report

• Denmark has adopted a legally binding objective to reduce GHG emissions by 70% by 2030.
• Ørsted (previously DONG Energy) 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.
• The hydrocarbon production is falling, and the country is a net crude oil importer since 2017.
• The country has a tradition of high taxes and high energy 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 thermal 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

  Gas:

  After a peak in 2005 at 10.5 bcm, gas production declined on average by 6.5%/year since then to 3.1 bcm in 2019.

  Production still exceeds the country's needs and the surplus is exported. Exports have been following the fall in gas production and fell by 13% in 2019 to 1.3 bcm. Gas exports are mainly directed to Sweden (59% in 2019), the Netherlands (24%), and Germany (17%).

• Energy Prices

  Gas:

  After a 11%/year increase from 2016 to 2018, residential gas prices declined by 10% in 2019. The share of taxes is high (58% for households in 2019), but lower for industry (30%). Danish gas prices are higher than the EU average for households (+11%) but lower for industry (-3%).

  Graph: GAS PRICES FOR INDUSTRY AND HOUSEHOLDS (€c/kWh GCV)

• 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.

  Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

• Issues & Prospects

  According to Denmark's Energy and Climate Outlook to 2030 (DEA, 2019), 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 energy market data since 1990 and up to 2017 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).