In the second half of 2022, electricity prices in Denmark rose sharply. Household electricity prices in Denmark averaged 58.7 euro cents per kilowatt-hour for a consumption band between 2,500 and 5,000 kilowatt-hours and 60.95 euro cents per kilowatt-hour for a consumption band between 1,000 and 2,500 kilowatt-hours. However, prices were on a declining trend in 2023.
Electricity prices in Europe
Electricity consumers in the capital city of Denmark, Copenhagen, paid one of the highest value added taxes on electricity in Europe as of May 2023, amounting to 20 percent of the residential end-user price. However, the final residential electricity price in the Nordic country was considerably lower than in other European countries, such as Italy and Germany, where prices surpassed 0.4 U.S. dollars per kilowatt-hour in June 2023.
Electricity sources in Denmark
During the 2022 energy crisis, the growth in electricity prices in European countries was correlated with their dependence on fossil fuel imports. The dominance of wind power and bioenergy in Denmark's electricity production made the country less vulnerable to the instability of the global power market.
Electricity prices for households in Denmark from 1st half 2011 to 2nd half 2023
(in euro cents per kilowatt-hour)
Characteristic
1000-2500 kWh
2500-5000 kWh
H2 2023
38.01
35.54
H1 2023
40.86
38.11
H2 2022
60.95
58.71
H1 2022
47.98
45.59
H2 2021
36.9
34.48
H1 2021
31.31
29
H2 2020
30.74
28.19
H1 2020
30.85
28.33
H2 2019
31.73
29.24
H1 2019
32.3
29.84
H2 2018
33.94
31.23
H1 2018
33.63
31.26
H2 2017
32.46
30.1
H1 2017
32.89
30.49
H2 2016
33.43
30.84
H1 2016
33.4
30.88
H2 2015
33.26
30.42
H1 2015
33.37
30.68
H2 2014
33.14
30.35
H1 2014
33.25
30.42
H2 2013
32.17
29.36
H1 2013
33.04
30
H2 2012
32.78
29.72
H1 2012
33.08
29.97
H2 2011
32.83
29.75
H1 2011
32.15
29.08
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Prices including all taxes, levies and VAT. Band-DB (Small): annual consumption between 1000 and 2500 kWh Band-DC (Medium): annual consumption between 2500 and 5000 kWh.
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Eurostat. (April 25, 2024). Electricity prices for households in Denmark from 1st half 2011 to 2nd half 2023 (in euro cents per kilowatt-hour) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/418075/electricity-prices-for-households-in-denmark/
Eurostat. "Electricity prices for households in Denmark from 1st half 2011 to 2nd half 2023 (in euro cents per kilowatt-hour) ." Chart. April 25, 2024. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/418075/electricity-prices-for-households-in-denmark/
Eurostat. (2024). Electricity prices for households in Denmark from 1st half 2011 to 2nd half 2023 (in euro cents per kilowatt-hour) . Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/418075/electricity-prices-for-households-in-denmark/
Eurostat. "Electricity Prices for Households in Denmark from 1st Half 2011 to 2nd Half 2023 (in Euro Cents per Kilowatt-hour) ." Statista, Statista Inc., 25 Apr 2024, https://www.statista.com/statistics/418075/electricity-prices-for-households-in-denmark/
Eurostat, Electricity prices for households in Denmark from 1st half 2011 to 2nd half 2023 (in euro cents per kilowatt-hour) Statista, https://www.statista.com/statistics/418075/electricity-prices-for-households-in-denmark/ (last visited November 03, 2024)
Electricity prices for households in Denmark from 1st half 2011 to 2nd half 2023 (in euro cents per kilowatt-hour) [Graph], Eurostat, April 25, 2024. [Online]. Available: https://www.statista.com/statistics/418075/electricity-prices-for-households-in-denmark/
