Electricity prices in Sweden 2024
In 2024, the average wholesale day-ahead electricity price in Sweden was 0.368 kr /kWh (▼31% vs 2023). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2024
| Month | SEK/MWh | SEK/kWh | MW |
|---|---|---|---|
| January 2024 | 691.08 kr | 0.691 kr | 5,012 |
| February 2024 | 472.44 kr | 0.472 kr | 4,715 |
| March 2024 | 567.50 kr | 0.567 kr | 4,275 |
| April 2024 | 515.34 kr | 0.515 kr | 3,930 |
| May 2024 | 255.92 kr | 0.256 kr | 3,188 |
| June 2024 | 334.46 kr | 0.334 kr | 3,080 |
| July 2024 | 247.69 kr | 0.248 kr | 2,905 |
| August 2024 | 169.25 kr | 0.169 kr | 3,035 |
| September 2024 | 163.53 kr | 0.164 kr | 3,231 |
| October 2024 | 190.04 kr | 0.190 kr | 3,569 |
| November 2024 | 456.55 kr | 0.457 kr | 4,129 |
| December 2024 | 357.27 kr | 0.357 kr | 4,380 |
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.