Barely two öre per kilowatt-hour (kWh) did the electricity cost on average last week in three of Sweden's four electricity areas. The price has not been so low since the Nord Pool exchange's weekly statistics began in 2022-2024. Even in southernmost Sweden, the price was unusually low, averaging just under 14 öre/kWh over the entire week 34.
The strong windy weather at the end of last week is the main explanation. It gave a significant boost to the wind turbines. On Saturday, Sunday, and even Monday, theoretical negative prices were almost every hour in all electricity areas.
With so much electricity surplus, Svenska kraftnät is busy getting electricity producers to reduce their output, the authority states on its website. Too much electricity production, especially weather-sensitive and variable production, creates problems in maintaining balance in the system.
But ahead of Tuesday, it looks like it will be back to what it has been like for much of the summer – with prices soaring in southern Sweden (electricity area 4), but still very low prices in the rest of the country, which is partly due to maintenance work on the power lines connecting north and south.
Tuesday's average prices are 69 öre/kWh in electricity area 4, but only 2.5 öre in the rest of the country (northern Götaland and upwards).
In addition to the market price, electricity tax, VAT, and grid fee of over one krona per kWh are added.
