Denmark - Electricity prices: Medium size households was EUR0.37 Kilowatt-hour in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Denmark - Electricity prices: Medium size households - last updated from the EUROSTAT on September of 2025. Historically, Denmark - Electricity prices: Medium size households reached a record high of EUR0.46 Kilowatt-hour in December of 2022 and a record low of EUR0.27 Kilowatt-hour in December of 2010.

In the second half of 2022, electricity prices in Denmark rose sharply. Household electricity prices in Denmark averaged 58.7 euro cents per kilowatt-hour for a consumption band between 2,500 and 5,000 kilowatt-hours and 60.95 euro cents per kilowatt-hour for a consumption band between 1,000 and 2,500 kilowatt-hours. However, prices were on a declining trend in 2023. Electricity prices in Europe Electricity consumers in the capital city of Denmark, Copenhagen, paid one of the highest value added taxes on electricity in Europe as of May 2023, amounting to 20 percent of the residential end-user price. However, the final residential electricity price in the Nordic country was considerably lower than in other European countries, such as Italy and Germany, where prices surpassed 0.4 U.S. dollars per kilowatt-hour in June 2023. Electricity sources in Denmark During the 2022 energy crisis, the growth in electricity prices in European countries was correlated with their dependence on fossil fuel imports. The dominance of wind power and bioenergy in Denmark's electricity production made the country less vulnerable to the instability of the global power market.

The average wholesale electricity price in August 2025 in Denmark is forecast to amount to*******euros per megawatt-hour. Prices in the country peaked at ****** euros per megawatt-hour in August 2022.

Non-residential electricity consumers in Denmark saw the electricity price increase during the energy crisis of 2022. For users with an annual consumption greater than 500 megawatt-hours and lower than 2,000 megawatt-hours, prices reached 19.44 euro cents per kilowatt-hour. Meanwhile, for users with a consumption greater than 20,000 and lower than 70,000 megawatt-hours, prices stood at 18.43 euro cents per kilowatt-hour that year.

Ireland, Italy, and Germany had some of the highest household electricity prices worldwide, as of March 2025. At the time, Irish households were charged around 0.45 U.S. dollars per kilowatt-hour, while in Italy, the price stood at 0.43 U.S. dollars per kilowatt-hour. By comparison, in Russia, residents paid almost 10 times less. What is behind electricity prices? Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices. Reliance on fossil fuel imports Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations.

As of July 2025, Denmark had the highest average day-ahead electricity price among Nordic countries, amounting to ***** euros per megawatt-hour. Over the past few years, electricity prices soared in the Nordic region, the result of a global energy crisis that affected fossil fuels and electricity prices. Price variations across Nordic countries While Denmark had the highest electricity prices in July 2025, other Nordic countries see varying rates. Finland, for instance, recorded the lowest day-ahead weekly price at just **** euros per megawatt-hour that same month. This stark contrast underscores the regional differences in electricity production and consumption patterns across the Nordic countries. Electricity traded outside of the NordPool market is not reflected in these prices. Factors influencing Nordic electricity prices The disparity in electricity prices across Nordic countries can be attributed to various factors, including reliance on different energy sources. Iceland, for example, benefits from its fully clean electricity sector, resulting in some of the lowest household electricity prices in the region. In contrast, countries like Denmark and Finland face higher prices due to their partial dependence on fossil fuels. For non-residential consumers, prices also vary significantly, with Iceland offering the lowest rates at **** euro cents per kilowatt-hour and Denmark the highest at **** euro cents per kilowatt-hour for annual consumption below ***** megawatt-hours. Despite having the highest industrial electricity prices among Nordic countries, Denmark's rates remain competitive compared to other European countries like Italy or Germany.

In 2024, Germany recorded the highest residential electricity price for users within Europe, at 44.11 euro cents per kilowatt-hour. This was followed by Ireland, at 36.11 euro cents per kilowatt-hour. Italy, Cyprus, Belgium, Denmark and Czechia were also among the countries with the highest electricity costs.

In 2024, prices for an annual electricity consumption of 1,000 to 2,500 kilowatt-hours within the European Union were highest for households in Germany, Ireland, and Denmark. The price for German households hit 44.3 euro cents per kilowatt-hour that year. In comparison, costs were the lowest in Hungary, where households paid less than 10 euro cents per kilowatt-hour.

The Nordic countries of Iceland, Norway, Finland, and Sweden recorded the largest electricity demand per capita in Europe over the last few years. In 2023, Iceland’s per capita electricity demand averaged at almost 52 megawatt-hours per person, more than twice the consumption of runner-up Norway. Meanwhile, France, the largest electricity producer among the European Union countries, had an average per capita consumption of seven megawatt-hours in 2024. Why is electricity consumption so high in Iceland? The intense electricity consumption in Iceland stems from a combination of factors. On the one hand, due to its abundant natural resources, hydro and geothermal are the main sources of electricity generation in Iceland, allowing the country to produce power at high reliability and very low costs. Meanwhile, on the demand side, Iceland is home to some particularly energy-intensive industries – in 2023, it ranked among the largest aluminum smelter producers worldwide. To top it off, electricity demand is also high on the household sector side, due to the Nordic country’s long, dark, and cold winters. A similar combination of factors can also be found in Norway. How cheap is electricity in Iceland? In 2024, household electricity prices in Iceland averaged between 18 and 22.2 euro cents per kilowatt-hour, depending on the level of demand. In comparison to the average household electricity price in the European Union in the same period, it was around 40 percent cheaper. Iceland had one of the lowest residential electricity prices in Europe. On the other side of the spectrum, Germany, Denmark, and Belgium reported the highest prices in the region.

This statistic represents the price of electricity to industrial consumers in selected European countries during the last six months of 2017, with a breakdown by country. In Ireland, consumers in the industrial sector paid around ***** euro cents plus tax for one kilowatt hour of electricity.

Industrial sector electricity prices in selected European countries

At **** euro-cents per kilowatt hour, Czechia has some of the cheapest industrial sector electricity rates, reaching less than half that of Malta’s. Malta’s industrial sector electricity price is among the highest in the European Union, reaching ***** euro-cents per kilowatt hour in December 2017. Compared to other countries, some EU member states have very high electricity prices overall. Electricity prices in Italy are in excess of ** U.S. dollar cents per kilowatt hour while Canada’s electricity prices average about **** U.S. dollar cents per kilowatt hour.

Power tariffs can vary by a large range by country - and often within individual countries as well. Differences in prices are due to a range of factors such as market price of fuel used, subsidies, and industry regulation. Supply and demand are also highly influential in changing prices. Certain weather patterns, such as high heat, can also raise prices when use of air conditioning becomes more prevalent. In virtually all markets, like that of the European Union, electricity rates also vary for industrial, residential, and commercial customers. Since expenditures for power can slab off a fair amount of a company’s revenue, industrial electricity tariffs – particularly when it comes to power-intensive industries, including the cement or metal manufacturing sectors - are often lower than residential rates. Household electricity prices are among the highest in Denmark, where those with an annual consumption of 1,000 to ***** kilowatt hours must pay about ** euro-cents per kilowatt hour.