Electricity prices in Sweden 2023
In 2023, the average wholesale day-ahead electricity price in Sweden was 0.544 kr /kWh (▼51% vs 2022). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2023
| Month | SEK/MWh | SEK/kWh | MW |
|---|---|---|---|
| January 2023 | 833.30 kr | 0.833 kr | 4,480 |
| February 2023 | 713.49 kr | 0.713 kr | 4,493 |
| March 2023 | 700.74 kr | 0.701 kr | 4,441 |
| April 2023 | 670.49 kr | 0.670 kr | 3,772 |
| May 2023 | 409.61 kr | 0.410 kr | 3,215 |
| June 2023 | 614.66 kr | 0.615 kr | 3,055 |
| July 2023 | 363.87 kr | 0.364 kr | 2,858 |
| August 2023 | 311.79 kr | 0.312 kr | 3,090 |
| September 2023 | 226.05 kr | 0.226 kr | 3,213 |
| October 2023 | 246.07 kr | 0.246 kr | 3,726 |
| November 2023 | 689.75 kr | 0.690 kr | 4,395 |
| December 2023 | 746.11 kr | 0.746 kr | 4,787 |
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.