Electricity prices in Denmark 2023
In 2023, the average wholesale day-ahead electricity price in Denmark was 0.630 kr /kWh (▼61% vs 2022). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2023
| Month | DKK/MWh | DKK/kWh | MW |
|---|---|---|---|
| January 2023 | 794.07 kr | 0.794 kr | 2,145 |
| February 2023 | 817.52 kr | 0.818 kr | 2,106 |
| March 2023 | 703.24 kr | 0.703 kr | 2,130 |
| April 2023 | 672.81 kr | 0.673 kr | 1,869 |
| May 2023 | 523.18 kr | 0.523 kr | 1,768 |
| June 2023 | 687.77 kr | 0.688 kr | 1,789 |
| July 2023 | 485.17 kr | 0.485 kr | 1,653 |
| August 2023 | 644.11 kr | 0.644 kr | 1,819 |
| September 2023 | 637.57 kr | 0.638 kr | 1,815 |
| October 2023 | 436.78 kr | 0.437 kr | 2,034 |
| November 2023 | 631.90 kr | 0.632 kr | 2,251 |
| December 2023 | 524.24 kr | 0.524 kr | 2,279 |
Denmark generates the world's highest share of wind power per capita: in 2024 wind provided 56% of electricity, supplemented by biomass (~16%) and rapidly-growing solar (~9%). Energinet, the state-owned TSO, splits the country into two bidding zones — DK1 (Jutland and Funen, synchronously connected to the German grid) and DK2 (Zealand and Bornholm, connected to the Nordic grid). The 1.4 GW Viking Link to the UK opened in 2024, joining existing HVDC links to Norway, Sweden, Germany and the Netherlands; Denmark is now Europe's most-connected grid relative to its size.
Coal generation is set to end fully by 2028 with the Esbjerg-3 closure. Day-ahead clearing happens on Nord Pool.
The Energy Islands project — two artificial offshore hubs in the North Sea — is targeted for commercial operation in the early 2030s and would add 10 GW of offshore wind feeding multiple countries simultaneously.