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Denmark has considerable sources of oil and natural gas in the North Sea and ranks as number 32 in the world among net exporters of crude oil.[53] Most electricity is produced from coal, but Denmark also has a record high share of windpower in the electricity mix.
To encourage investment in wind power, families were offered a tax exemption for generating their own electricity within their own or an adjoining commune. While this could involve purchasing a turbine outright, more often families purchased shares in wind turbine cooperatives which in turn invested in community wind turbines. By 2004 over 150,000 Danes were either members of cooperatives or owned turbines, and about 5,500 turbines had been installed, although with greater private sector involvement the proportion owned by cooperatives had fallen to 75%. Wind turbines produce 16-19% of electricity demand (2004-2006 statistics).[54] Denmark is connected by transmission lines to other European countries.
Because of energy taxes, Denmark has the highest household electricity prices in the world,[55] while industries pay just below EU average.[56]
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