On Wednesday, the hourly price of one kilowatt-hour (kWh) of electricity in southernmost Sweden (electricity area 4) averages 1.52 kronor on the Nord Pool electricity exchange. On top of that, taxes and electricity companies' surcharges and network fees of over one krona/kWh will be added. It is still somewhat lower than the price of 2 and 1.75 kronor on Monday and Tuesday. Last week, the average price was 53 öre.
The main reason, as usual, is the wind conditions. This week, the wind is blowing significantly less, resulting in less electricity production from wind power. However, it was also warmer last week, which reduced consumption.
In electricity area 3, the development is similar, but at a lower level. The price has gone from an average of 30 öre/kWh last week to around 1.40 kronor so far this week.
In Norrland, electricity areas 1 and 2, the electricity price is, as usual, significantly lower, averaging 3-4 öre last week. However, on Wednesday, it is increasing significantly, to a daily average of just over 1.30 kronor.
For the vast majority of electricity consumers who have a variable monthly price, daily fluctuations play a smaller role. What matters is the average price over the month. So far in January, it is 18 öre in Norrland and 70-80 öre in the southern half of the country.
Towards the end of the week, the weather forecasts indicate more wind and thus probably decreasing electricity prices again.
