On Thursday, the price of electricity fell to 25-30 öre per kilowatt hour in the southern half of the country. In Norrland, electricity costs around 10 öre.
On Friday, prices are expected to be even lower as wind power production is affected by a high-pressure system moving across Sweden, Denmark and areas to the south. According to the electricity exchange Nord Pool, the price will land at 18-24 öre in electricity areas 3 and 4 (Svealand and Götaland), and only a few öre in Norrland.
Occasionally, there will be some hours with negative prices, the first time in a long while after an unusually expensive January and February with average prices of around one krona per kilowatt hour.
If electricity production is high in the Nordic countries, the soaring gas prices on the continent have little impact on the electricity price in Sweden. The sun being higher in the sky also increases electricity production at this time of year.
On top of the stock exchange price, there is electricity tax, VAT and an electricity network fee of over one krona per kilowatt hour.
