February is almost over. And for the vast majority with a regular variable electricity price, it is the average price for the month that is interesting.
The average price for February lands provisionally at between 45 and 52 öre per kilowatt hour (kWh), according to the pure electricity price on the electricity exchange Nord Pool, the higher price in the southern half of the country. It is halved compared to February last year, and 15–30 öre lower than in January.
Will be the opposite
In the past, Germany raised the price in the Nordics via the contagion effect that occurs when the electricity cables are connected across national borders. Now it is rather the opposite. Even if the wind stops and it gets cold in Sweden, the German electricity prices are correspondingly holding back our invoices in the north, according to Johan Sigvardsson.
The recession also causes demand to fall somewhat. At the same time, more solar and wind power is entering the electricity market. Increased supply and lower demand speak for relatively low electricity prices this spring and also for the rest of the year, which is indicated on the futures market where electricity contracts for the future are traded.
The March and April price currently looks to be around 50 öre/kWh as an average in the Nordics, also a halving compared to the same months last year.
On top of the electricity price listed on Nord Pool, electricity tax, VAT and electricity grid fee are added. In particular, many electricity companies have raised the network fee sharply since the turn of the year.