Electricity prices in Denmark 2024
In 2024, the average wholesale day-ahead electricity price in Denmark was 0.529 kr /kWh (▼16% vs 2023). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2024
| Month | DKK/MWh | DKK/kWh | MW |
|---|---|---|---|
| January 2024 | 572.33 kr | 0.572 kr | 2,464 |
| February 2024 | 424.41 kr | 0.424 kr | 2,258 |
| March 2024 | 457.44 kr | 0.457 kr | 2,177 |
| April 2024 | 448.01 kr | 0.448 kr | 2,125 |
| May 2024 | 437.00 kr | 0.437 kr | 1,901 |
| June 2024 | 490.24 kr | 0.490 kr | 1,898 |
| July 2024 | 467.43 kr | 0.467 kr | 1,778 |
| August 2024 | 543.78 kr | 0.544 kr | 1,939 |
| September 2024 | 530.25 kr | 0.530 kr | 1,950 |
| October 2024 | 574.41 kr | 0.574 kr | 2,077 |
| November 2024 | 714.38 kr | 0.714 kr | 2,286 |
| December 2024 | 689.68 kr | 0.690 kr | 2,321 |
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.