• Sweden's news in English
 
app_header_v3

Mild winter sees ten-year low in electricity prices

The Local · 28 Mar 2014, 11:21

Published: 28 Mar 2014 11:21 GMT+01:00

The figures released by electricity supplier Telge Energi revealed that the average bill for the December to March period was 4,300 kronor ($664) lower for homeowners than the bitter winter of 2010.

"We are noting one of the lowest March prices in ten years, just 0.22 kronor per kWh," Telge Energi said in a statement.

It's a stark contrast to December 2010 when it was reported that the spot price for electricity had reached a record average 0.83 kronor per kWh. The Swedish electricity market was deregulated in 1996, with figures being compiled on what Swedes are shelling out for power ever since. 

The company added that the mild winter and higher than normal precipitation have contributed to the cost savings. Prices for household fuel such as coal have also dropped. 

The lower figures are particularly good news for home owners with variable contracts reported the electricity supplier. Indeed, the energy prices for March 2014 are 56 percent lower than March 2010.

"If you have high consumption and want to feel safe knowing what the electricity will cost each month then it could be an idea that you bind your electricity prices. With the historically low electric price we have right now it could be a good time to bind your electrical costs for the future," Anna Albinson, customer manager of Telge Energi said in a statement.

With the mild winter now a thing of the past the weather looks set to improve over the last weekend of March. Weatherpal reported that temperatures will reach up to 15C with plenty of sun across the country.

"Saturday will be like Friday with sun, warm and continuing mild breezes. However in the Lapland mountains there may be some more clouds and snow," said Weatherpal meteorologist Lisa Frost.

She added that there will be "spring weather" for most of the rest of the country to savour.

In the capital it is expected to peak at 11C with plenty of sun on Saturday with Gothenburg expected to enjoy up to 14C with similar temperatures forecast for Malmö.

Story continues below…

Find out what the weather is doing in your corner of Sweden

The Local/pr 

 

The Local (news@thelocal.se)

Your comments about this article

Today's headlines
Swedish premier pledges 5,000 'emergency' jobs
Swedish prime minister, Stefan Löfven, speaking in Gothenburg. Photo: TT

Swedish prime minister, Stefan Löfven, speaking in Gothenburg, announced a initiative to create 5,000 new 'emergency' jobs for new arrivals to the country.

'Disgusted' Swedish boxer retains world crown
Badou Jack (right) catches Lucian Bute with a right-hand. Photo: TT

Badou Jack drew bout but kept World Boxing Council title.

PLO seeks apology over Sweden Eurovision flag ban
Sweden was the first EU member state in Western Europe to officially recognise the State of Palestine. Photo: TT

First it was the Basques...

Sweden's king celebrates 70th birthday
King Carl XVI Gustaf joins in with a rendition of All You Need Is Love with the Tensta Gospel Choir and their leader Cedwin Sandanam. Photo: TT

But Norwegian royals stay at home after deadly helicopter crash.

Brussels attacks
Swedish terror suspect 'dumped bomb in toilet'
Osama Krayem. Photo: Facebook

Belgian media report that Osama Krayem tried to dispose of the explosives before carrying them onto the Brussels metro system.

Eurovision 2016
Regional politicians hit out at Sweden's Eurovision flag ban
Lots of flag-waving at Eurovision. Photo: AP Photo/Kerstin Joensson

Spanish politicians have criticized Swedish Eurovision organizers after a regional flag was banned alongside that of Isis from the competition in Stockholm.

Eight charged over shooting at Gothenburg restaurant
People leaving flowers at the scene of the fatal shooting last year. Photo: TT

The attack last spring left two people dead in one of the most high-profile shootings in Sweden in recent years.

Swedes want answers from Russia after Nato warning
Russian T-14 Armata tanks make their way to Red Square during a rehearsal for the Victory Day military parade in May. Photo: Alexander Zemlianichenko/AP

UPDATED: What exactly does Russia's foreign minister mean when he says his country will "take action" if Sweden joins Nato?

Two historic shipwrecks found right in central Stockholm
Divers looking for a ship in central Stockholm. Photo: Anders P Näsberg/Statens maritima museer

Another two shipwrecks dating back to at least the 1600s have been found in central Stockholm.

Alicia Vikander scoops lead role in new Tomb Raider
Alicia Vikander poses at the Scandinavian terrace during the 68th Cannes film festival last May. Photo: Jean Christophe Magnenet/AFP

The next Lara Croft will be a Swede.

Sponsored Article
Kista: The best office space in Sweden?
Analysis & Opinion
Why Sweden's fretting about Brexit
Sponsored Article
Why international researchers love to call Malmö home
National
INTERVIEW: Swedish police officer 'beat me up and used racial slurs'
Gallery
People-watching: April 27th
Blog updates

29 April

Editor’s blog, April 29th (The Local Sweden) »

"Hello readers, Relations between Sweden and Russia went from slightly strained to full-on James Bond this…" READ »

 

18 April

A day as a guard (The Diplomatic Dispatch) »

"Life as an Ambassador. Driven around in the Jaguar. Visits all planned so you go straight…" READ »

 
 
 
Sponsored Article
‘Life in Stockholm’s suburbs is better than people realize’
National
Öresund bridge border checks net record number of drink drivers
Sponsored Article
'A huge waste of resources': how to fix integration
National
Swedes bid farewell to iconic Volvo
Gallery
Property of the week: Enköping
Gallery
People-watching: April 22nd-24th
Sponsored Article
'A sustainable Sweden must embrace diversity'
Politics
Could Brits in Europe stop Brexit?
Sponsored Article
What's the best way for expats to transfer money abroad?
National
The first official picture of Sweden's new royal Prince Alexander
National
Sweden's Sami reindeer still live in the shadow of Chernobyl
Sponsored Article
Sigtunaskolan: 'The best of what Sweden has to offer'
Finest
Gallery
People-watching: April 20th
Sponsored Article
How to launch your international career
National
Why was a Nazi flag hoisted in a Swedish town on Hitler's birthday?
National
How did Sweden's deputy PM get in trouble over New York comments?
Sponsored Article
Becoming an expat: where to start
Finest
Gallery
People-watching: April 16th-17th
Sponsored Article
'I may work at a Swedish company, but we’re global'
Culture
Sweden finally axes historic dancing ban
Sponsored Article
The Inner Circle: Stockholm's secret dating scene
International
Have you phoned Sweden yet?
Sponsored Article
'Swedes must realize only soft power can defeat radicalism'
Finest
Gallery
People-watching: April 13th
National
Is booze going up in Sweden?
National
How Sweden's fake 'smombie' traffic sign is being used for real
Culture
Sweden's Tarzan drops trousers
Finest
Gallery
People-watching: April 9th-10th
Sport
Zlatan wants to be new 'Rambo'
National
Swedes in a huff about giant TV penis
3,254
jobs available
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
psdmedia.se