Record expensive December ends with an electricity sale
The electricity price falls further on New Year’s Eve and becomes super low, according to the electricity exchange Nord Pool. But December was record expensive, except in southernmost Sweden.
From Friday’s price of 20 öre per kWh throughout the country, the stock market price of electricity drops to 9.7 öre on Saturday on average over the day, also throughout the country.
For a few individual hours during the night of New Year’s Eve, prices even become negative on the electricity exchange.
Mild, windy and less consumption because it is the weekend is the explanation.
By comparison, just a few weeks ago the daily price was regularly above two kroner per kWh, with peaks approaching five kroner.
That made December a record expensive month. And for the vast majority of households, with a variable electricity price determined by the average over the month, it will be the juiciest electricity bill to date. In southern Sweden (electricity area 4), the August record stands at 3:05 kroner/kWh, but since consumption is much higher in December than in a summer month, the bill will be record expensive even in southern Götaland.
On top of the market price, the electricity company’s mark-up, electricity tax, VAT and network fee of just over SEK 1.50 per kWh are added.
Facts: The average price in December
The average price of electricity, according to the electricity exchange Nord Pool in December.
Electricity area 1 (northern Norrland), SEK 2:06/kWh
Electricity area 2 (southern Norrland), SEK 2:06/kWh
Electricity area 3 (Svealand, northern Götaland), SEK 2:69/kWh
Electricity area 4 (southern Götaland), SEK 2:71/kWh
On top of the market price, approximately SEK 1:50-2/kWh is added which ends up on the consumer price, in the form of the electricity company’s mark-up, electricity tax, VAT and grid charge.
Source: Nord Pool
