Electricity prices in Sweden 2023
In 2023, the average wholesale day-ahead electricity price in Sweden was 0.546 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 | 836.09 kr | 0.836 kr | 4,480 |
| February 2023 | 715.88 kr | 0.716 kr | 4,493 |
| March 2023 | 703.09 kr | 0.703 kr | 4,441 |
| April 2023 | 672.74 kr | 0.673 kr | 3,772 |
| May 2023 | 410.98 kr | 0.411 kr | 3,215 |
| June 2023 | 616.72 kr | 0.617 kr | 3,055 |
| July 2023 | 365.09 kr | 0.365 kr | 2,858 |
| August 2023 | 312.84 kr | 0.313 kr | 3,090 |
| September 2023 | 226.80 kr | 0.227 kr | 3,213 |
| October 2023 | 246.89 kr | 0.247 kr | 3,726 |
| November 2023 | 692.07 kr | 0.692 kr | 4,395 |
| December 2023 | 748.61 kr | 0.749 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.