For those with hourly wage agreements, expensive times are in store. Even those with average monthly prices, variable electricity price agreements, will likely see their electricity bills soar in January.
Today, the electricity price on the Nord Pool exchange is rising to over three kronor per kilowatt-hour (kWh) in electricity areas 3 and 4, i.e. Svealand and Götaland. The average price over the weekend lands at 1.90 kronor in southernmost Sweden (area 4) and just over 1.80 in electricity area 3. In Norrland, the increase stops at just over 50 öre.
The price increase has accelerated during the week due to colder weather, increased consumption, weak wind, and lower electricity production from wind power.
This means that the electricity price for the current week is expected to reach the highest level in over a year in electricity areas 3 and 4, with the exception of the expensive week just before Christmas, which reignited the political electricity debate.
Hang in there, low price in the spring
So far, the average price for the week, up to and including Friday, is 1.32 kronor per kWh in electricity area 4 and 1.10 kronor in electricity area 3. In Norrland, the corresponding weekly price is around 30 öre.
The high price level is expected to persist until the end of next week, when milder and windier weather is forecast.
"The spring electricity price still looks very low, even though the sharply increasing gas price over the past few months has raised expectations somewhat," says Johan Sigvardsson, analyst at the electricity trading company Bixia, in a comment.
In addition to the exchange price, electricity tax, VAT, and grid fee of over one krona per kWh are added.
