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Rising energy and material costs in Denmark

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2026-10-09 17:02 UTC → 2026-10-23 05:52 UTC · added ~~removed~~

Denmark continues to face volatility in energy costs, characterized by significant fluctuations in electricity prices. In early September 2026, prices for electrical materials reached record highs, driven by a 46 percent increase in global copper prices. Maria Schougaard Berntsen of Tekniq noted that copper price volatility, linked to global market unrest and US trade tensions, may discourage construction and renovation. Electricity prices have also seen intense volatility. In mid-September, prices in both the DK1 and DK2 areas were projected to exceed 3 DKK/kWh, peaking at 3.5 DKK/kWh. Norlys energy director Ellen Trolle attributed this to low wind and solar production, which increases reliance on gas-fired power plants during a period of high natural gas prices linked to tensions near the Strait of Hormuz. A significant peak occurred on September 14, when prices hit 5.5 DKK per kWh. By the end of September, the month was identified as the most expensive for Danish electricity consumers since the energy crisis ended in December 2022. As of October 1, electricity grid companies are transitioning to winter tariffs, including higher charges during peak hours to incentivize shifting usage. In early October, a period of significantly lower prices was forecasted for a Saturday. According to NRGi, net electricity prices were expected to remain below 50 øre per kWh (including VAT) for over 17 consecutive hours, from midnight until 17:15. The most substantial drops were anticipated between 11:00 and 16:00, with prices in Western Denmark potentially dropping below zero. However, prices were projected to rise sharply toward the evening, reaching approximately 1.56 DKK per kWh between 19:00 and 20:00. By late October, electricity prices rose sharply again. Norlys reported that midday prices (12:00–15:00) increased by up to 92 percent in Western Denmark and 82 percent in Eastern Denmark compared to September.

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