Denmark Gazettes Law Amending Electricity Tax Act

The Danish Official Gazette Dec. 30 published Law No. 1775, amending the Electricity Tax Act. The law includes measures: 1) setting the value of electricity at 1.70 Danish kroner (US$0.27) per kilowatt-hour (kWh), and reducing the general electricity tax for 2026 and 2027; 2) clarifying that refund percentage and repayment percentage calculations under the Electricity Tax Act must use a tax rate of 0.609 kroner (US$0.10) per kWh, instead of 0.008 kroner (US$0.0013) per kWh, for the period from Jan. 1, 2026, to Dec. 31, 2027; and 3) amending the periods for the reduced electricity tax rates, with the 0.008 ...