Monthly wholesale electricity prices in Denmark 2019-2024
The average wholesale electricity price in Denmark stood at around 59.6 euros per megawatt-hour in April 2024, the lowest electricity prices in the country since July 2021.
In 2021 and 2022, electricity prices in Europe soared, the result of a number of factors, including increased heating demand due to cold winters, a rise in natural gas and coal prices, and a decline in wind power generation due to low wind speeds. The energy supply shortage was further aggravated by Russia's invasion of Ukraine in February 2022.