Denmark MOF Announces Temporary Abolishment of General Electricity Tax in 2026, 2027

The Danish Ministry of Finance Aug. 20 announced that the general electricity tax will be temporarily abolished in 2026 and 2027. The announcement includes that: 1) the reduction is the equivalent of reducing the tax to the EU minimum rate for individuals, which is 0.008 Danish kroner (US$0.001) per kilowatt-hour (kWh); 2) for both 2026 and 2027, the general electricity tax rate abolished will be 0.727 kroner (US$0.11) per kWh, and the reductions will be 0.719 kroner (US$0.11) per kWh, excluding VAT, for households and non-VAT registered businesses; 3) households with electric heating, including heat pumps, will pay the EU ...