Swedish energy minister to address rising electricity costs ahead of winter
Energy Minister Ebba Busch will brief parliament on the power market, noting low shortage risk but persistent high price pressures.
On Thursday, Energy Minister Ebba Busch and a group of agency heads will report to the Riksdag's commerce committee on the state of Sweden’s electricity supply as winter approaches, followed by a press conference. Svenska kraftnät’s newest forecast indicates that the chance of a power-supply shortfall is minimal, but this does not guarantee price stability for consumers. The agency highlights several factors pushing spot prices upward, such as higher global natural-gas costs driven by conflict in the Middle East, below-average water levels in Swedish and Norwegian reservoirs, and bottlenecks in transmission from the north to the south.
In the SE4 region of southern Sweden, spot prices have averaged 1.54 kr/kWh in October. The high-cost protection scheme, active throughout 2026, triggers when the monthly average price in a zone exceeds 1.5 kr/kWh.
Why it matters
Swedish households face potentially higher electricity bills as winter approaches, affecting consumer budgets nationwide.
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