Danish energy companies annually realise energy efficiency targets in accordance with the Danish Energy Efficiency Obligation. The costs of the companies’ energy saving activities are covered as a part of a cost-effective fulfilment of the obligation. In compliance with the agreement, an annual cost analysis, focusing primarily on the most expensive energy companies, can be made.
On behalf of the Danish Energy Agency, Ea Energy Analyses has conducted a cost analysis of the energy companies’ reported costs associated with meeting the Energy Efficiency Obligation in 2017. A total of 35 companies with costs per saved kWh among the highest 5% were selected for the analysis.
The purpose of the analysis was to gain insight into the cost-effectiveness of the companies’ energy saving efforts in 2017, and the reasons why some companies realise savings at higher or lower costs per saved kWh. Furthermore, the analysis aimed to clarify what steps the most expensive companies may have taken since 2017 to reduce their costs.
As Ea Energy Analyses previously carried out cost analyses for 2013-2016, the project also included an overall summary of the analyses for 2013-2017.
The analysis was carried out in 2019.