Why does electricity cost so much in Sweden?

For instance, during colder months, demand for electricity can surge, leading to higher prices. Similarly, global events such as geopolitical tensions or changes in energy policies can also impact the cost of electricity. As of now, the average electricity price in Sweden is around 65 öre per kWh.

Should Sweden have an electricity surplus?

Such an electricity surplus would help to reduce the impact of Europe’s electricity prices on Sweden. At the same time, there is a risk that the situation in the electricity market will worsen. A cold, prolonged winter would lead to extreme prices and possibly manual disconnection of consumers.

Does Sweden have a stable electricity supply?

Sweden appears to have a fairly stable electricity supply as all domestic electricity consumption is covered by dispatchable electricity generation. However, this picture needs to be modulated. Most of the high-voltage transmission capacity runs from north to south; see Figure 1.

How much electricity does Sweden use?

Majority of electricity production in Sweden relies on hydro power and nuclear power. In 2008 the consumption of electricity in Sweden was 16 018 kWh per capita, compared to EU average 7409 kWh per capita. Sweden has a national grid, which is part of the Synchronous grid of Northern Europe.

Does Sweden export electricity?

Despite this, Sweden export a lot of electricity. In 2022 Sweden was Europe’s largest net exporter of electricity. Usually, the risk of electricity shortages is low in the country as a whole and, usually, we can import electricity from our neighbours when we need it.

What is the Swedish electricity system?

The Swedish electricity system is part of the integrated European electricity system via high-voltage transmission connections with our Nordic neighbours as well as Lithuania, Poland and Germany.