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

Liberia Electricity Corporation (LEC), in partnership with the European Union and other financial institutions, has launched the Liberia Energy Efficiency and Access Project (LEEAP). With a budget of €107 million, this initiative aims to improve electricity access and energy efficiency in the country.
Energy Minister Marc Ferracci reaffirmed his opposition to reopening the debate on oil exploration in France. Despite proposals from Overseas Minister Manuel Valls, the government is prioritizing a decarbonization strategy aligned with its international commitments.
Energy Minister Marc Ferracci reaffirmed his opposition to reopening the debate on oil exploration in France. Despite proposals from Overseas Minister Manuel Valls, the government is prioritizing a decarbonization strategy aligned with its international commitments.
Donald Trump has signed a decree creating a National Council for Energy Dominance, aimed at massively increasing electricity production. The goal is to strengthen the United States’ competitiveness in artificial intelligence (AI), a rapidly expanding and energy-intensive sector.
Donald Trump has signed a decree creating a National Council for Energy Dominance, aimed at massively increasing electricity production. The goal is to strengthen the United States’ competitiveness in artificial intelligence (AI), a rapidly expanding and energy-intensive sector.
*Thames Water, a major water supplier in the UK, is facing an environmental investigation over growing concerns regarding its waste management and leaks. This situation raises significant financial stakes for the company.*
*Thames Water, a major water supplier in the UK, is facing an environmental investigation over growing concerns regarding its waste management and leaks. This situation raises significant financial stakes for the company.*
The Medef and thirteen other European employers' organizations launch an initiative to support the nuclear sector in the EU, in response to increasing competitiveness challenges exacerbated by international politics and global economic tensions.
France will invest €100 billion to modernize its power grid by 2035. However, the impact on consumer bills will be limited, according to the network manager RTE.
France will invest €100 billion to modernize its power grid by 2035. However, the impact on consumer bills will be limited, according to the network manager RTE.
The Watt For Change Foundation and the French Development Agency are joining forces to support three initiatives aimed at improving access to renewable energy in Benin, Mauritania, and Madagascar. A €860,000 three-year partnership dedicated to assisting local associations.
The Watt For Change Foundation and the French Development Agency are joining forces to support three initiatives aimed at improving access to renewable energy in Benin, Mauritania, and Madagascar. A €860,000 three-year partnership dedicated to assisting local associations.
The Tanzanian government plans to invest $12.9 billion to add 2.4 GW to its power grid by 2030. This funding aims to expand electricity access to 75% of the population, with significant participation from the private sector.
The Tanzanian government plans to invest $12.9 billion to add 2.4 GW to its power grid by 2030. This funding aims to expand electricity access to 75% of the population, with significant participation from the private sector.
A court demands that all funding linked to federal energy and climate laws, previously suspended, be immediately put back into circulation. This decision is based on a federal judgment challenging the legality of a freeze imposed by the American executive.
At the World Summit on Artificial Intelligence in Paris, Emmanuel Macron highlighted nuclear energy as a power source for technological infrastructures, countering Donald Trump's plans to massively expand oil drilling in the United States.
At the World Summit on Artificial Intelligence in Paris, Emmanuel Macron highlighted nuclear energy as a power source for technological infrastructures, countering Donald Trump's plans to massively expand oil drilling in the United States.
Canada will need to build energy infrastructure on an unprecedented scale to meet the federal government's goal of eliminating greenhouse gas emissions from the electricity sector by 2050. A major technical and economic challenge marked by delays and significant costs.
Canada will need to build energy infrastructure on an unprecedented scale to meet the federal government's goal of eliminating greenhouse gas emissions from the electricity sector by 2050. A major technical and economic challenge marked by delays and significant costs.
The majority of countries have not submitted their new climate roadmaps to the UN before the February 10 deadline. This delay raises questions about the priorities of major economies amid geopolitical shifts and economic uncertainty.
The majority of countries have not submitted their new climate roadmaps to the UN before the February 10 deadline. This delay raises questions about the priorities of major economies amid geopolitical shifts and economic uncertainty.
Joseph Saddi is the new Minister of Energy in Lebanon. He inherits a sector weakened by reliance on imports and failing infrastructure, while international partnerships struggle to restart oil and gas exploration.
Rosatom announces the development of a plasma rocket engine prototype capable of reducing the journey to Mars to just 30 days. This technological breakthrough could have major strategic implications in the race for space exploration.
Rosatom announces the development of a plasma rocket engine prototype capable of reducing the journey to Mars to just 30 days. This technological breakthrough could have major strategic implications in the race for space exploration.
The Canadian government allocates $43.5 million to strengthen energy policy related to critical minerals in Quebec. This investment aims to support infrastructure and research, consolidating the country's strategic supply chains.
The Canadian government allocates $43.5 million to strengthen energy policy related to critical minerals in Quebec. This investment aims to support infrastructure and research, consolidating the country's strategic supply chains.
Electricity consumption in France increased by 0.7% in 2024, reaching 449.2 terawatt-hours, according to RTE. This slight rise marks a turning point after two years of decline but remains well below pre-2020 levels.
Electricity consumption in France increased by 0.7% in 2024, reaching 449.2 terawatt-hours, according to RTE. This slight rise marks a turning point after two years of decline but remains well below pre-2020 levels.
The National Development and Reform Commission (NDRC) has announced a reduction in renewable energy subsidies in China. New projects will now have to sell their electricity at market prices, marking a transition to a more autonomous economic model.
Lithuania, Estonia, and Latvia have finalized their synchronization with the European electricity grid, ending their dependence on Russian infrastructure. This project, funded with €1.6 billion, strengthens the region’s energy security.
Lithuania, Estonia, and Latvia have finalized their synchronization with the European electricity grid, ending their dependence on Russian infrastructure. This project, funded with €1.6 billion, strengthens the region’s energy security.
French electricity exports generated a record €5 billion in 2024, driven by increased volumes despite falling market prices. Italy, Germany, and Belgium are among the main importers.
French electricity exports generated a record €5 billion in 2024, driven by increased volumes despite falling market prices. Italy, Germany, and Belgium are among the main importers.
France’s electricity exports generated €5 billion in 2024, an unprecedented level driven by increased volumes despite declining market prices. Italy, Germany, and Belgium were among the main importers.
France’s electricity exports generated €5 billion in 2024, an unprecedented level driven by increased volumes despite declining market prices. Italy, Germany, and Belgium were among the main importers.
La Lituanie, la Lettonie et l'Estonie vont couper leurs derniers liens avec le réseau électrique russe. Ce basculement, prévu le 8 février, marque leur intégration complète au réseau européen après des années de préparation et d'investissements.
Indonesia must manage ambitious climate commitments while maintaining energy stability. The Just Energy Transition Partnership (JETP), aimed at mobilizing $20 billion, faces financial obstacles and uncertainties regarding international funding.
Indonesia must manage ambitious climate commitments while maintaining energy stability. The Just Energy Transition Partnership (JETP), aimed at mobilizing $20 billion, faces financial obstacles and uncertainties regarding international funding.
The recent changes in U.S. tariff policies could affect the global energy industry, particularly trade in key products such as natural gas and renewable energy equipment.
The recent changes in U.S. tariff policies could affect the global energy industry, particularly trade in key products such as natural gas and renewable energy equipment.
The Vietnamese government is adjusting its timeline for the implementation of its carbon market. Initially planned for 2028, the official launch will now take place in 2029 after a three-year pilot phase. This delay aims to strengthen the regulatory and technical framework.
The Vietnamese government is adjusting its timeline for the implementation of its carbon market. Initially planned for 2028, the official launch will now take place in 2029 after a three-year pilot phase. This delay aims to strengthen the regulatory and technical framework.

Advertising