Electricity prices in Sweden 2022

In 2022, the average wholesale day-ahead electricity price in Sweden was 1.088 kr /kWh. Below is the month-by-month breakdown plus a chart of how prices moved through the year.

Year average
1.088 kr /kWh
Cheapest month
February 2022
0.548 kr /kWh
Most expensive month
December 2022
2.362 kr /kWh
2.362 kr0.548 kr010203040506070809101112January 2022: 0.713 kr /kWhFebruary 2022: 0.548 kr /kWhMarch 2022: 0.847 kr /kWhApril 2022: 0.812 kr /kWhMay 2022: 0.926 kr /kWhJune 2022: 1.048 kr /kWhJuly 2022: 0.648 kr /kWhAugust 2022: 1.542 kr /kWhSeptember 2022: 1.685 kr /kWhOctober 2022: 0.652 kr /kWhNovember 2022: 1.268 kr /kWhDecember 2022: 2.362 kr /kWh

Monthly breakdown — 2022

MonthSEK/MWhSEK/kWhMW
January 2022713.49 kr0.713 kr4,767
February 2022547.64 kr0.548 kr4,755
March 2022847.37 kr0.847 kr4,368
April 2022812.49 kr0.812 kr3,943
May 2022926.08 kr0.926 kr3,361
June 20221,047.82 kr1.048 kr3,158
July 2022647.57 kr0.648 kr3,002
August 20221,541.62 kr1.542 kr3,036
September 20221,684.63 kr1.685 kr3,266
October 2022652.25 kr0.652 kr3,391
November 20221,267.89 kr1.268 kr3,930
December 20222,362.08 kr2.362 kr4,643

Sweden runs one of the world's lowest-carbon electricity grids: hydropower (~40%), nuclear (~30%) and wind (~20%) together cover the bulk of the 165 TWh annual demand. Svenska kraftnät, the state TSO, splits the country into four bidding zones (SE1 North to SE4 South) reflecting the bottleneck in the central north-south transmission corridor — a structural feature that gives SE4 (Malmö) prices typically 2–4× SE1 (Luleå). The southern reactors at Ringhals and Forsmark were the subject of a 2023 government reversal: the previous closure plan was scrapped and four new reactors are now planned for the 2030s.

Wind has grown explosively, from 17 TWh in 2018 to 35 TWh in 2024, with northern locations dominating. Day-ahead clearing on Nord Pool.

The northern zones host most heavy industry — including the H2 Green Steel and Hybrit steel-decarbonisation projects — and consume an increasing share of the country's hydro surplus.

Current electricity prices in Sweden