The government has opened the long-awaited seventh licensing round for new oil and gas licences in the Danish parts of the North Sea. At the same time, the government initiated work on the preparation of a new oil and gas strategy to ensure the effective exploitation of oil and gas resources in the North Sea. The strategy will be based on an analysis of the status of the industry.
The Energy Agency recently released a legislative proposal introducing a general supply obligation for all electricity retailers that provide electricity to household consumers. The supply obligation aims to guarantee all household consumers the legal right to be supplied with electricity at reasonable, transparent and non-discriminatory prices, in accordance with the EU Electricity Directive.
The Energy Agency is expected to launch the seventh licensing round for oil and gas exploration and production licences in the North Sea shortly. The licensing round will be carried out by a public call for tenders. The deadline for the submission of tenders is likely to be April or May 2014, with the final award of licences taking place in early Autumn 2014, but there is still considerable uncertainty as to the final timeline.
Danish energy and climate policy is focused on the long-term goal of the total energy demand being met by renewable energy sources by 2050. Following Parliament's recent approval of the new Energy Agreement, plans are in place to extend the existing capacity by 2,000 megawatts before 2020. The existing large offshore projects (sited far away from the shore) will be combined with small near-shore projects.