There is a need for increased electrification of Danish society to lift the green transition, and in 2024 Danish consumption took a step in the right direction. In any case, 38.4 TWh was used in Denmark, which is a record.
In fact, according to data from Energinet, 5 percent more electricity was used in 2024 than in the previous record year 2021, when consumption reached 36.8 TWh. In 2023, consumption was 36.1 TWh.
- The numbers speak for themselves. We are no longer saving so much on electricity, and most importantly, electrification is starting to pick up speed. There are simply more people replacing their diesel engine with an electric car or getting a heat pump, says Mads Brøgger, director of Norlys' energy business, in a press release.
While Danes' electricity consumption was record high, their electricity bill is not the same. Because despite a few days with very high prices, 2024 offered the lowest average price in several years.
- In 2024, the pure electricity price averaged just under DKK 0.53/kWh, and that is actually the lowest level since 2020. Here at the beginning of January, we have fortunately also seen that the average price has been even lower, where we have had a lot of wind, among other things, which has contributed to the low prices, says Mads Brøgger.
An increasingly large proportion of electricity in Denmark comes from green energy sources such as wind turbines and solar cells. This also means that the price of electricity fluctuates, depending on how much the wind blows and the sun shines. On the same day that the pure electricity price peaked last year at almost 7 DKK/kWh, the difference between the cheapest and most expensive hour was more than 6 DKK. It was the largest price fluctuation since 2013.
- We see several days with large price fluctuations, and therefore it is worth keeping an eye on the prices if you have a variable electricity price agreement, says Mads Brøgger.
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