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RENEWABLES: European Energy Urges reforms to Address Denmark's Renewable Hurdles

RENEWABLES
CEEMEAEnergy BulletsDenmarkBulletPower BulletsCommodities

Denmark's renewable sector faces significant hurdles, including higher taxes on renewables compared to fossil fuels, soaring grid connection costs, and uncompetitive energy prices, according to European Energy, which calls for urgent reforms.

  • Since 1 Jan 2023, producer fees have significantly raised grid connection costs.
  • And for some projects, grid connections make up as much as 60% of total establishment costs.
  • This year saw a record number of hours with negative electricity prices due to high renewable electricity taxes.
  • European energy calls for reforms to accelerate the renewable transition – including reducing electricity taxes to encourage renewable adoption and lower costs for renewable energy projects.
  • Additionally, it suggests introducing a ceiling on developer costs for collective electricity supply networks, Expedite the proposal for state energy parks, delayed by 2.5 years and allow private developers to plan and establish transformers and high-voltage networks, reducing delays for grid connections.
  • The white paper can be found here in Danish: https://mni.marketnews.com/3OC8NXH





     

 

 

 

 

 

 

 

 

 

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Denmark's renewable sector faces significant hurdles, including higher taxes on renewables compared to fossil fuels, soaring grid connection costs, and uncompetitive energy prices, according to European Energy, which calls for urgent reforms.

  • Since 1 Jan 2023, producer fees have significantly raised grid connection costs.
  • And for some projects, grid connections make up as much as 60% of total establishment costs.
  • This year saw a record number of hours with negative electricity prices due to high renewable electricity taxes.
  • European energy calls for reforms to accelerate the renewable transition – including reducing electricity taxes to encourage renewable adoption and lower costs for renewable energy projects.
  • Additionally, it suggests introducing a ceiling on developer costs for collective electricity supply networks, Expedite the proposal for state energy parks, delayed by 2.5 years and allow private developers to plan and establish transformers and high-voltage networks, reducing delays for grid connections.
  • The white paper can be found here in Danish: https://mni.marketnews.com/3OC8NXH