The electricity energy supply in Denmark displayed significant fluctuations from 2013 to 2023. In 2023, the value stood at 25.85 thousand Terajoules. After a sharp initial increase in the early years, the supply saw a notable dip in 2016 and 2017, followed by a steady growth trend post-2018, with a notable year-on-year increase in 2020 (18.44%) and a subsequent decline in 2021 (-29.26%). The supply bounced back in 2022 with a 39.53% growth, and a modest 5.7% increase in 2023.
Forecast data projects a consistent upward trend from 2024 onwards, with an expected compound annual growth rate (CAGR) of 3.67% over the next five years, forecasting a 19.77% increase by 2028.
Future trends to watch for include:
- Advancements in renewable energy technologies enhancing supply efficiencies.
- Government policies and regulations promoting sustainable energy use.
- Market shifts towards increased energy storage solutions to stabilize supply.
