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Denmark energy report

Denmark energy report
4 files (PDF report, 3 Excel files)
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This analysis includes a comprehensive Denmark energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.


  • Denmark plans to supply 100% of its power consumption with renewables by 2027, 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.
  • Ørsted is the largest power generator.
  • The Danish Underground Consortium is the main oil and gas player with more than 85% of production.
  • Renewables accounted for 83% of the power mix in 2022 (+9 points since 2010).
  • 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.
  • Industrial gas prices have more than quadrupled since 2020.
  • Residential electricity prices soared by 60% in 2022 and are the highest in Europe.
  • The share of renewables in the primary energy mix has increased by 25 points since 2010 to 46% in 2022, of which 34% is from biomass and 11% from wind.
  • Denmark is converting its coal and gas power capacity to biomass and aims to create two very large offshore wind hubs totalling 5-6 GW.
  • New electricity interconnection projects with Germany and Sweden are under development, along with a large gas pipeline project to Poland.
largest offshore wind capacity worldwide in 2022 (2.3 GW)
share of renewables in power mix (2022)
renewables in power consumption in 2030
  • 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


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

  • Energy Supply


    Oil production has been on a downward trend since 2004, decreasing by an average of 10%/year to 3.2 Mt in 2022. Production dropped by 30% in 2020, by 9% in 2021, and by 2% in 2022.

  • Energy Prices


    Residential electricity prices soared in 2022 (+60%), after a decrease between 2018 and 2020 and a 5% increase in 2021. In 2023, residential prices decreased by 19% thanks to a 50% reduction in taxes. With historically high taxes (60% of final price in 2021), the residential electricity price was the highest in Europe until 2022 (€28c/kWh in 2021, €45c/kWh in 2022).

  • Energy Consumption

    Denmark's consumption per capita is slightly lower than the EU average at 2.6 toe/cap and 5 400 kWh/cap of electricity in 2022.

    Total energy consumption decreased by 3% in 2022 to 15.4 Mtoe, after a 5% progression in 2021; it increased by 1.5%/year from 2016 to 2018 and declined in 2019 and 2020.


  • 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 55.

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • 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 (2022, %)
  • GRAPH 10: Final consumption market share by sector (2022, %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2022, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2022,%)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2022, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2022, %)
  • 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 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.