Electricity prices for households in Denmark H1 2011-H1 2023
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.