Electricity in Denmark in 2023

Denmark's electricity consumption profile is predominantly low-carbon, with over 82% of its electricity derived from clean energy sources. This figure is the result of our custom-built forecast model that extrapolates from actual data over the first 11 months of the year 2023 and projected data for the remaining month. Wind energy is the primary contributor, delivering approximately 59% of the total electrical output, followed by biofuels and solar sources contributing around 14% and 9% respectively. Fossil-derived electricity makes up less than a fifth of the total, with coal and gas signifying almost 17% combined. These parameters illustrate Denmark's significant strides in adopting clean energy, moving them closer to a near-zero carbon electricity grid, while also playing an essential role as a net exporter of electricity to neighboring countries.

Suggestions

With increasing demands to electrify other sectors, such as transport, heating, and industry, Denmark could substantially increase its low-carbon electricity generation. One approach could be to further expand the existing wind mills, as wind energy already serves as a major contributor to Denmark's electricity mix. By focusing on low-carbon technologies, Denmark can lead the way towards a fully sustainable electricity future.

History

Looking back on the evolution of low-carbon electricity in Denmark discloses a history marked by positive change. The surge of wind energy began in the late 1990s, with modest growth of approximately 1 TWh each year. It wasn't until the early part of the 21st century that significant contributions from wind were apparent, with spikes of up to 2 TWh in certain years such as 2011 and 2014. However, the path hasn't been entirely smooth – a decline of 1.4 TWh was noted in 2016. However, the overall trend has been positive, and the latest years have seen a steady growth in wind's contribution once again. At the same time, biofuels have also started to contribute notably from the year 2010 onwards, though its increased importance has been met with some fluctuations. Interestingly, the promising rise in solar energy with a uptick of 1 TWh in 2023 highlights the continual evolution of Denmark's energy profile.

Electricity Imports and Exports

Balance of Trade

Maximum Imports

Data Sources