Electricity prices in Sweden 2025
In 2025, the average wholesale day-ahead electricity price in Sweden was 0.397 kr /kWh (▲4% vs 2024). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2025
| Month | SEK/MWh | SEK/kWh | MW |
|---|---|---|---|
| January 2025 | 462.70 kr | 0.463 kr | 4,691 |
| February 2025 | 521.26 kr | 0.521 kr | 4,764 |
| March 2025 | 355.52 kr | 0.356 kr | 4,203 |
| April 2025 | 320.29 kr | 0.320 kr | 3,581 |
| May 2025 | 342.29 kr | 0.342 kr | 3,273 |
| June 2025 | 184.36 kr | 0.184 kr | 3,075 |
| July 2025 | 284.95 kr | 0.285 kr | 2,882 |
| August 2025 | 426.73 kr | 0.427 kr | 3,063 |
| September 2025 | 401.90 kr | 0.402 kr | 3,264 |
| October 2025 | 418.66 kr | 0.419 kr | 3,573 |
| November 2025 | 573.02 kr | 0.573 kr | 4,158 |
| December 2025 | 470.15 kr | 0.470 kr | 4,314 |
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.