Quarter-Hour Electricity Trading Launches with High Prices in Sweden

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Quarter-Hour Electricity Trading Launches with High Prices in Sweden
Photo: Johan Nilsson/TT

Wednesday, October 1, is the premiere for quarter-hour trading with electricity. But already on Tuesday, the prices were set and this is how much the most expensive and cheapest quarter costs.

Most expensive will be the electricity between 19:00 and 19:15 on Wednesday evening in southern Sweden (electricity area 4) with a price of 4.45 kronor per kilowatt hour (kWh).

The cheapest quarter is found between 20:15 and 20:30 in electricity area 2 (southern and central Norrland), 3.7 öre/kWh, according to the electricity exchange Nord Pool.

But the vast majority of electricity customers who have variable monthly agreements, or have fixed price agreements, do not need to worry. The change primarily affects consumers who today have hourly prices, where most electricity companies will automatically offer customers quarter-hour agreements.

But if one is to have any benefit from this, the electricity customer probably needs to have some form of automated system that, with the help of apps, can control consumption in the home according to the current price.

The purpose of pricing at the quarter-hour level, which most of Europe is now switching to at the same time, is to more effectively control electricity production together with consumption. This is because electricity still cannot be stored on a large scale.

The average price in September landed between 17 öre in Norrland and 70 öre/kWh in southern Sweden.

In addition to the electricity prices on the electricity exchange, electricity tax, VAT and grid fee of over one krona per kWh are added.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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