Electricity subsidy: This is how much you get and when the money arrives

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Electricity subsidy: This is how much you get and when the money arrives
Photo: Claudio Bresciani / TT

What does that mean in practical terms?

Due to soaring energy prices connected to the war in Iran, the government has decided to allocate SEK 2.4 billion for new temporary electricity and gas support for Swedish households.

What do I need to do practically?

Nothing. Just like when the support was distributed during the sharp rise in inflation a couple of years ago, you don't need to apply. The Social Insurance Agency handles the payments. However, your bank account must be registered with Swedbank's account register in order to receive the support more quickly.

Okay, but how much compensation will I get?

The basis is the actual monthly consumption during the period January–February. The compensation is based on a predetermined fixed rate in each electricity area, which is then multiplied by the consumption.

Households in electricity price zones 1 and 2 receive 14 öre/kWh.

Households in electricity price zone 3 receive 26 öre/kWh.

Households in electricity price zone 4 receive 29 öre/kWh.

How much money does that make for an average family?

According to the Tidöpartierna, this would mean 1,100 kronor for a family in a villa in northern Sweden, 1,600 kronor for those living in Stockholm, and 1,850 kronor in southern Sweden.

For an apartment with a total consumption of 750 kWh, the compensation will be between 105 and 207 kronor.

When can I have the money in my account?

The intention is for the payments to be made during the second half of June.

Previous electricity subsidies have been questioned and criticized. What about now?

The interest organization Bostadsrätterna has criticized the fact that the support does not go to those who live in tenant-owner associations with shared electricity (where the association has a single electricity network agreement and then charges the residents).

In addition to this, the National Institute of Economic Research (NIER) has warned that electricity subsidies can contribute to fueling inflation and that they may thus be counterproductive.

Is there anything else you should consider?

There have previously been warnings about fraudsters who pose as authorities or banks and contact households about compensation. With the support now presented, it is therefore emphasized again that no one from the authorities or banks will contact households about this issue.

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TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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