With the exception of southern Sweden, electricity customers in other parts of the country could rejoice over unusually low prices. On average, the electricity price landed at 8.5 öre per kilowatt-hour (kwh) in August, according to the electricity exchange Nord Pool. This is the lowest since August 2000, according to Vattenfall.
Favorable weather is the main explanation, with sunny, windy, and warm conditions.
In southern Sweden (electricity area 4), the August price was significantly higher, at 46 öre/kwh. The reduced transmission capacity during the season due to maintenance, and the annual overhaul of the Ringhals nuclear power plant, means that prices on the continent are affecting Skåne.
Even in September, it looks promising for electricity buyers in terms of prices. Continued high temperatures and normal water levels in the reservoirs suggest this. On the financial electricity market, future electricity contracts are being traded on Nasdaq's commodity exchange for the fourth quarter at a price of around 40 öre/kwh on average over the Nordic region (system price). This usually means lower prices in the north and higher in the south than the system price. For the first quarter of 2025, the system price is currently being traded at around 60 öre/kwh.
So far this year, the average price has been 35 öre in Norrland, 41 öre in Svealand and northern Götaland, and 59 öre/kwh in southern Sweden, according to Nord Pool.
In addition to the exchange prices, electricity tax, VAT, and electricity grid fees of over one krona per kwh are added.
