The electricity price is soaring - support for southern Sweden activated

Right now, the electricity price is above the limit of SEK 1.50 that the government set as the limit for the electricity subsidy decided earlier this year.

However, it is marginally over, it is seven öre on average for the month of October and only in electricity area 4, southern Sweden. Compared to last year, it is twice as high.

- This means that we do as we said, and activate the support, says Energy and Food Minister Ebba Busch (KD).

The compensation will be 90 percent of the excess part of the electricity price.

- For a family with direct electricity, it is about SEK 100, she says.

The aid will be paid out at the end of December, after seeing how it has turned out in the coming months as well. This is done to reduce the administrative costs of the payments.

Busch points to external factors behind the high electricity price, gas shortages in Europe and the stoppage of energy exports through the Strait of Hormuz. According to previous decisions, the electricity subsidy applies until the end of the year, but will not be extended by the transitional government.

That the price is high is partly also due to the fact that there is little water in the reservoirs, and that several reactors have been taken out of operation for maintenance.

At the same time, it hasn't been cold, which had a dampening effect. During the electricity crisis in 2022, the monthly average price was at most around 3 kroner in southern Sweden.

Then, according to Busch, there was a real risk that you would be forced to save on electricity by disconnecting areas. It is nowhere near that now, as the availability of electricity is deemed to be good.