Electricity prices in Sweden 2022
In 2022, the average wholesale day-ahead electricity price in Sweden was 1.111 kr /kWh. Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2022
| Month | SEK/MWh | SEK/kWh | MW |
|---|---|---|---|
| January 2022 | 728.99 kr | 0.729 kr | 4,767 |
| February 2022 | 559.54 kr | 0.560 kr | 4,755 |
| March 2022 | 865.78 kr | 0.866 kr | 4,368 |
| April 2022 | 830.14 kr | 0.830 kr | 3,943 |
| May 2022 | 946.20 kr | 0.946 kr | 3,361 |
| June 2022 | 1,070.58 kr | 1.071 kr | 3,158 |
| July 2022 | 661.64 kr | 0.662 kr | 3,002 |
| August 2022 | 1,575.11 kr | 1.575 kr | 3,036 |
| September 2022 | 1,721.22 kr | 1.721 kr | 3,266 |
| October 2022 | 666.41 kr | 0.666 kr | 3,391 |
| November 2022 | 1,295.43 kr | 1.295 kr | 3,930 |
| December 2022 | 2,413.39 kr | 2.413 kr | 4,643 |
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.