Summer 2025 Electricity Prices: Low in Northern Sweden, Rising in Stockholm
Bixia's forecast reveals mixed trends in summer 2025 electricity prices across Sweden, with rising costs in Stockholm but lower rates in northern regions.
Key Points
- • Average electricity price forecast at 30 öre per kilowatt-hour, similar to last year.
- • SE3 region prices expected to rise 70% to around 32 öre due to nuclear reactor maintenance.
- • Northern Sweden to see lower prices of 13-14 öre per kilowatt-hour due to high water levels.
- • Southern Sweden (SE4) prices to remain stable at approximately 50 öre per kilowatt-hour.
A new forecast from Bixia indicates that average electricity prices in Sweden for summer 2025 will remain low, with significant regional variations. The overall anticipated price is approximately 30 öre per kilowatt-hour, similar to last year. However, the SE3 region, which encompasses Stockholm, is expected to witness a substantial increase in electricity prices, soaring by 70% to about 32 öre per kilowatt-hour. This spike is mainly due to ongoing maintenance of the Oskarshamn 3 nuclear reactor, which is decreasing stable electricity production in the region.
Conversely, in northern Sweden (SE1 and SE2), electricity prices are projected to be notably lower, around 13-14 öre per kilowatt-hour, down from 18 öre last summer, thanks to high water levels resulting from previous wet conditions. In southern Sweden (SE4), prices are predicted to stabilize at approximately 50 öre per kilowatt-hour despite reduced nuclear output affecting electricity availability.
Analyst Johan Sigvardsson highlighted that well-filled water reservoirs should keep prices low throughout the summer, reducing the risk of sharp price increases. Additionally, there may be periods of negative pricing during peak solar production hours. Looking ahead, potential hot and dry weather in southern Europe could ramp up electricity demands, ultimately impacting prices in the fall as air conditioning usage rises, affecting gas storage levels and electricity prices in Sweden and Europe.