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How to get Sweden’s energy price subsidy even if you missed the deadline

To receive Sweden's energy price subsidy by February 20th, eligible users had to register their account in Swedbank's payment system by February 13th. Here's how to get the subsidy if you live abroad or couldn't register by the deadline.

How to get Sweden's energy price subsidy even if you missed the deadline
Sweden's first energy price subsidy will be paid out to most users in southern Sweden on February 20th. Photo: Janerik Henriksson/TT

Anyone living in southern Sweden who had an energy contract for a Swedish property on November 17th, 2022, is eligible for Sweden’s energy price subsidy.

The subsidy covers full-time residences, summer houses or fritidshus and people who owned a property in Sweden on the above date who have since moved abroad.

Here’s some more information on the subsidy and who is eligible.

So, how do you register for the subsidy?

People with BankID and a Swedish bank account

If you have BankID and a Swedish bank account, you can register your bank account directly with Swedbank. The deadline for registration was February 13th, and you can find out more details on registration in English here.

You don’t need to be a Swedbank customer to receive the subsidy, and you had to register your account with Swedbank even if it’s a Swedbank account.

People with a samordningsnummer

If you have a samordningsnummer (coordination number), which you will often have if you pay taxes in Sweden, for example, you can apply for the payout online here (under “utan e-legitimation”).

People without a samordningsnummer, or people with a foreign bank account

If you don’t have a samordningsnummer, you don’t have BankID, or you have a foreign bank account, you will have to visit a Swedbank office in-person to register your bank account for the subsidy payout.

What happens if I don’t register my bank account in time or I can’t register?

If you can’t register your bank account directly with Swedbank, you have a couple of options, both of which are likely to take longer, so you won’t necessarily get your payout on February 20th like you would otherwise.

If you have an account registered at Försäkringskassan, if you receive Swedish pension payments or child benefit, for example, then your payment will be sent to that account.

The Local contacted Försäkringskassan to ask how people living abroad will be able to receive the benefit and received the following response:

“Yes, it will be possible to get the subsidy paid into a bank account abroad,” head of press Anders Sims told The Local. “Those who do not have their account registered with Swedbank will receive a letter from us asking for bank details for their account abroad, and we will send the money there.”

If you live in Sweden but don’t have an account registered with Försäkringskassan and you could not or did not register with Swedbank before the deadline, you will be sent a voucher or utbetalningsavi which you can redeem free of charge online or at a ClearOn agent for a fee.

Online redemption of an utbetalningsavi is only possible for people with a Swedish personal number and a säkerhetsdosa (a type of security code box used for ID validation online), or BankID. If this does not apply to you, you will need to redeem your avi in-person at a bank, for example.

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Will smaller production costs lead to lower food prices in Sweden?

Costs for food producers dropped in February for the second month in a row. Does this mean food prices will drop soon?

Will smaller production costs lead to lower food prices in Sweden?

In February, food production costs dropped by 1 percent on the month before, slightly less than in January – where costs for producers dropped around 5 percent on the previous month.

However, compared with a year ago, prices are still higher. Year on year, costs for producers went up by 9.3 percent in February. This was lower than in January, where the production costs increased 11.8 percent compared to January 2022, according to new data from Statistics Sweden.

Torbjörn Isaksson, head analyst at Nordea bank, underlined the fact that costs are still high across the board.

“Even though production costs in the industry are going down, pressure on prices is still high – much higher than the levels seen before the pandemic,” he said.

Low energy prices behind the drop in production costs

On the domestic market, costs decreased 1.1 percent in February compared with January. On the import market, this figure was 0.4 percent.

“The biggest contributor to the decrease on the domestic market was lower prices on the energy market,” Statistics Sweden wrote. “This decrease was lessened due to increasing prices on vehicles, trailers and other machines.”

The decrease in costs on the import market can be explained by lowered costs for crude oil and refined oil products, with price drops on natural gas, computers and some chemicals also affected. Again, these decreases were lessened by increases on other items, such as vehicles, food, medicines and steel.

Delayed effect in supermarkets

Isaksson highlighted the fact that production and import costs on consumer goods increased in February compared to January.

“It’s an interesting, if not perfect, indicator for inflation,” he said. “The price increase there is probably to a large extent a result of the weak krona.”

“It’s a bit disappointing that prices on consumer goods continued to rise,” he added. “The central bank would of course rather have seen a decrease on the price of consumer goods.”

Isaksson did say, however, that a change in production and import costs of this size could be noticeable in the supermarkets soon.

“There’s usually a delay of a month or two.”