Electricity prices have fallen sharply in Sweden, with prices dropping to 25-30 öre per kilowatt-hour in the southern half of the country on Thursday, and around 10 öre in Norrland. On Friday, prices are expected to be even lower, with Nord Pool forecasting prices of 18-24 öre in elområde 3 and 4 (Svealand and Götaland), and just a few öre in Norrland. This decline is reportedly due to high wind power production in Sweden, Denmark, and areas to the south.
At times, there may be hours with negative prices, which is the first time in a long while after an unusually expensive January and February with average prices around one krona per kilowatt-hour. High electricity production in the Nordic region reportedly reduces the impact of soaring gas prices on the continent on Swedish electricity prices. Additionally, a higher sun position increases electricity production at this time of year.
On top of the market price, electricity tax, VAT, and grid fees add over one krona per kilowatt-hour.