Denmark
With a power score of 2.72, Denmark ranks number 4 among developed markets and number 4 in the global power ranking.
- Developed markets
- Europe
2.72 / 5
Power score
-3 places
Global power rank change
Overview
Denmark has a power score of 2.72, which puts it at rank 4 in the global power ranking, and rank 4 in the developed markets power ranking. In comparison to 2021, Denmark has deteriorated in the power rankings by -2 places, from rank 2, to rank 4.
At 2.72, the power score of Denmark is better than the regional average of 2.18 in the Europe region.
Regional power score comparison
Power
Power policy
Denmark implements policies in 4/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.
Power policies
Power prices and costs
The average electricity price in Denmark has increased from 266.88 USD/MWh in 2021 to 309.05 USD/MWh in 2022. Since 2017, the average electricity price in Denmark has fluctuated between 220.93 USD/MWh (2019) and 309.05 USD/MWh (2022).
Power market
The top amount of capacity installed in Denmark in 2022 was in Wind at 44.19%, down from 48.44% in 2021. The technology with the biggest increase in capacity installed in 2022 was Solar PV at 20.26%, up from 14.03 in 2021.
Installed capacity (in MW)
Electricity generation (in GWh)
The largest electricity generating technology in Denmark in 2022 was Wind, generating some 57.53% of electricity, up from 48.14% in 2021.
Investment in clean energy in Denmark was around $835.26 million in 2022, a decrease of 64.04% from 2021 ($2322.81 million). Between 2017 and 2022, the highest investment in clean energy was in 2021 at $2322.81 million, while the lowest was in 2019 with $436.9 million.
Utility privatisation
Which segments of the power sector are open to private participation?
Type
Question
Availability
Wholesale power market
Does the country have a wholesale power market?
Doing business and barriers
Type
Question
Availability
Currency of PPAs
Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
Type
Question
Availability
Bilateral power contracts
Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
Type
Question
Availability
Fossil fuel price distortions - Subsidies
Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
Type
Question
Availability
Fossil fuel price distortions - Taxes and carbon prices
Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
Transport
Transport policy
Denmark implements policies in 4/9 transport policy categories tracked by Climatescope, including Clean transport target, EV purchase grant/loan incentive, EV VAT reduction/exemption, EV import tax reduction/exemption, National ICE phase-out, EV income tax reduction/exemption, EV recurring tax reduction/exemption, EV charging infrastructure target, E-bus target.
Transport policies
Type
Question
Availability
Fuel economy standards
Does the country have a fuel economy standard in place?