Electricity prices in Sweden 2022
In 2022, the average wholesale day-ahead electricity price in Sweden was 1.098 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 | 720.30 kr | 0.720 kr | 4,767 |
| February 2022 | 552.87 kr | 0.553 kr | 4,755 |
| March 2022 | 855.46 kr | 0.855 kr | 4,368 |
| April 2022 | 820.25 kr | 0.820 kr | 3,943 |
| May 2022 | 934.92 kr | 0.935 kr | 3,361 |
| June 2022 | 1,057.82 kr | 1.058 kr | 3,158 |
| July 2022 | 653.75 kr | 0.654 kr | 3,002 |
| August 2022 | 1,556.34 kr | 1.556 kr | 3,036 |
| September 2022 | 1,700.71 kr | 1.701 kr | 3,266 |
| October 2022 | 658.47 kr | 0.658 kr | 3,391 |
| November 2022 | 1,279.99 kr | 1.280 kr | 3,930 |
| December 2022 | 2,384.63 kr | 2.385 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.