popular articles

Denmark Reduces Electricity Taxes

In response to the energy crisis, Denmark is drastically reducing taxes on electricity. This measure will cost 470 million euros.

Please share:

Denmark will drastically reduce taxes on electricity for several months as part of a “winter aid” package introduced Friday in response to soaring energy prices.

In line with what the government announced last week, this plan also includes caps on electricity, gas and heating bills, with a system of deferred payments above a certain amount.

In addition to this flagship measure, a drastic reduction in the electricity tax paid by households was introduced on Friday. This will be reduced for the first half of 2023 to 0.008 Danish kroner per kilowatt hour, compared to the current 0.697.

The tax rebate is expected to cost the public purse about 3.5 billion kroner (470 million euros), according to the presentation of the plan published Friday.

Child benefit will receive a one-time boost of 660 kroner in January.

With elections due by June at the latest, the plan was approved by a large majority, including Prime Minister Mette Frederiksen’s Social Democrats and her three left-wing allies in parliament, but also by a large part of the right-wing opposition.

Denmark had already decided at the beginning of September on energy saving measures with reductions in heating in public places, and financial guarantees in case of cash flow difficulties for companies in the energy sector.

Deprived in part of Russian gas due to the war in Ukraine and with an electricity market already under stress before the conflict began, Europe is preparing for a tense winter from an energy point of view in many countries.

Wholesale prices on the electricity and gas market have increased more than fivefold over the past year in most European countries. Even before this crisis, Denmark was the EU country where electricity was the most expensive for consumers.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Nigerien authorities have ordered the expulsion of three Chinese executives from oil companies and shut down a hotel owned by a Chinese company. This decision is part of a policy aimed at strengthening national control over the country’s energy resources.
The French government has issued a decree expanding the use of treated wastewater to industrial and nuclear sectors, aiming to reduce pressure on water resources.
The French government has issued a decree expanding the use of treated wastewater to industrial and nuclear sectors, aiming to reduce pressure on water resources.
An incident in a private power plant caused a nationwide blackout in Panama on Saturday night. The national power grid was severely impacted, leading to an interruption in the potable water supply. Authorities are investigating the causes of the event.
An incident in a private power plant caused a nationwide blackout in Panama on Saturday night. The national power grid was severely impacted, leading to an interruption in the potable water supply. Authorities are investigating the causes of the event.
UK greenhouse gas emissions decreased by 3.6% in 2024, marking a slowdown in the pace of reduction. The end of coal usage in electricity production and the rise in electric vehicles contributed to this trend.
UK greenhouse gas emissions decreased by 3.6% in 2024, marking a slowdown in the pace of reduction. The end of coal usage in electricity production and the rise in electric vehicles contributed to this trend.
The capital of the Central African Republic, Bangui, is facing a prolonged power outage, severely disrupting economic activities and exacerbating water shortages.
More than 160 senators from the right and centre have urged François Bayrou to suspend the publication of the third Multi-Year Energy Programme (PPE 3), criticizing its lack of a comprehensive vision and calling for greater parliamentary involvement in defining the energy mix.
More than 160 senators from the right and centre have urged François Bayrou to suspend the publication of the third Multi-Year Energy Programme (PPE 3), criticizing its lack of a comprehensive vision and calling for greater parliamentary involvement in defining the energy mix.
With several mining projects recently funded, Brazil is strengthening its national strategy to exploit its rare earth reserves, amid sharply declining global prices and geopolitical tensions in this strategic market.
With several mining projects recently funded, Brazil is strengthening its national strategy to exploit its rare earth reserves, amid sharply declining global prices and geopolitical tensions in this strategic market.
The Canada Energy Regulator has approved, with modifications, the cost allocation methodology for friction reducers on the Keystone Canada pipeline system. South Bow GP (Canada) Ltd. will need to recalculate the tolls for 2020 and 2021 before final validation.
The Canada Energy Regulator has approved, with modifications, the cost allocation methodology for friction reducers on the Keystone Canada pipeline system. South Bow GP (Canada) Ltd. will need to recalculate the tolls for 2020 and 2021 before final validation.
Nuclear energy emerges as a key election issue in Australia, as accelerating gas dependency intensifies amid coal plant closures, raising critical concerns about grid stability and energy pricing ahead of the 2025 federal elections.
Donald Trump accuses Canada of tariff abuse following Ontario's decision to impose a 25% surcharge on electricity exports to three U.S. states, escalating trade tensions between the neighboring countries.
Donald Trump accuses Canada of tariff abuse following Ontario's decision to impose a 25% surcharge on electricity exports to three U.S. states, escalating trade tensions between the neighboring countries.
Mark Carney, newly elected Canadian Prime Minister, expresses his intention to abolish the consumer carbon tax, revitalizes nuclear energy, and signals openness to expanding gas infrastructure with the United States.
Mark Carney, newly elected Canadian Prime Minister, expresses his intention to abolish the consumer carbon tax, revitalizes nuclear energy, and signals openness to expanding gas infrastructure with the United States.
The Trump administration is detailing its energy priorities in Houston this week, focusing on deregulation and support for fossil fuels. The CERAWeek conference, which gathers key industry players, will serve as the stage for these announcements.
The Trump administration is detailing its energy priorities in Houston this week, focusing on deregulation and support for fossil fuels. The CERAWeek conference, which gathers key industry players, will serve as the stage for these announcements.
The British Court of Appeal has reduced the prison sentences of six Just Stop Oil activists, initially sentenced to up to five years. Ten other activists retain their convictions, as the prosecution highlights the severity of their actions.
The French government has launched a public consultation on the third Multiannual Energy Programme (PPE), which sets the country's energy production and consumption trajectories for the 2025-2035 period. This process precedes the adoption of the text by decree in April.
The French government has launched a public consultation on the third Multiannual Energy Programme (PPE), which sets the country's energy production and consumption trajectories for the 2025-2035 period. This process precedes the adoption of the text by decree in April.
Negotiations between EDF and major French industrialists stall over electricity tariffs, raising concerns about industrial competitiveness against European offers.
Negotiations between EDF and major French industrialists stall over electricity tariffs, raising concerns about industrial competitiveness against European offers.
The United Kingdom is exploring the implementation of a new tax system for oil and gas producers to replace the superprofits tax, set to end in 2030.
The United Kingdom is exploring the implementation of a new tax system for oil and gas producers to replace the superprofits tax, set to end in 2030.
On March 17 and 19, Saúl Luciano Lliuya, a Peruvian farmer, will face energy group RWE in court before the regional court in Hamm, in a climate responsibility case related to the melting of Andean glaciers.
EDF implements a system of auctions for long-term nuclear electricity contracts to stabilise prices and finance its nuclear projects. The first deliveries are scheduled for 2026.
EDF implements a system of auctions for long-term nuclear electricity contracts to stabilise prices and finance its nuclear projects. The first deliveries are scheduled for 2026.
The Canada Infrastructure Bank (CIB) has committed a CAD 217 million investment to support the construction of a transmission line between Nova Scotia and New Brunswick, enhancing the reliability of the interprovincial power grid.
The Canada Infrastructure Bank (CIB) has committed a CAD 217 million investment to support the construction of a transmission line between Nova Scotia and New Brunswick, enhancing the reliability of the interprovincial power grid.
According to a report by Wood Mackenzie, net energy-related emissions in the North American electricity sector are expected to drop by 20% by 2030, with significant impacts from renewable energy and transportation electrification.
According to a report by Wood Mackenzie, net energy-related emissions in the North American electricity sector are expected to drop by 20% by 2030, with significant impacts from renewable energy and transportation electrification.
Indonesia announces 40bn USD investment in 21 energy projects in 2025, aiming to increase refining capacity and replace LPG imports.
The US Senate passed a resolution to repeal the methane emissions tax imposed on oil and gas producers, a measure that was part of the US Inflation Reduction Act of 2022.
The US Senate passed a resolution to repeal the methane emissions tax imposed on oil and gas producers, a measure that was part of the US Inflation Reduction Act of 2022.
China has missed a major carbon emissions target for 2024, despite record investments in renewable energy, according to recent data from the National Bureau of Statistics.
China has missed a major carbon emissions target for 2024, despite record investments in renewable energy, according to recent data from the National Bureau of Statistics.
A roadmap for the decarbonisation of the Golfe de Fos site, aimed at attracting €20 billion in investments, has been signed by the State, the Provence-Alpes-Côte d'Azur region, and the Aix-Marseille-Provence metropolitan area.
A roadmap for the decarbonisation of the Golfe de Fos site, aimed at attracting €20 billion in investments, has been signed by the State, the Provence-Alpes-Côte d'Azur region, and the Aix-Marseille-Provence metropolitan area.

Advertising