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Sweden energy report

Sweden energy report
4 files (PDF report, 3 Excel files)
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This analysis includes a comprehensive Sweden energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.


  • Sweden changed its 2040 energy mix target to "100% fossil-free", instead of "100% renewables".
  • Carbon neutrality is to be reached in 2045.
  • Sweden has the world's highest CO2 tax for the residential and services sectors.
  • The energy market is dominated by state-owned companies Vattenfall, for power, and Swedegas, for natural gas. Vattenfall generates 45% of the power production.
  • Carbon free sources represent 99% of the power mix, 70% of which for renewables (50% hydro and 19% wind).
  • The 10 bcm/year Baltic Pipe between Sweden, Norway, and Denmark started operating in 2022.
  • The country exports large volumes of electricity, but imports all its oil and gas needs.
  • Energy prices have been surging since 2020, following global crude oil prices and European electricity prices.
  • District heating prices vary from single to double across the different cities.
  • Carbon-free sources made up 75% of total energy consumption in 2022 (+10 pp since 2010).
  • Oil consumption has dropped by more than one third since 2002.
  • Around 3.4 GW of wind projects are under construction and 34 GW are planned.
  • In 2023, the government proposed to amend Sweden's legislation on nuclear power to allow new reactors to be built.
target to achieve net zero emissions
2.5 GW
annual increase in wind capacity since 2021
share of biofuels in road transport consumption (2022)
  • Institutions & Energy Policy

    The Ministry of Climate and Enterprise (MCE) is responsible for matters relating to the climate, the environment, and energy, as well as the 2030 Agenda for Sustainable Development. The Ministry is also working to ensure the transition to a circular economy.

  • Energy Supply


    Sweden does not produce oil. In 2022, Sweden imported around 19 Mt of crude oil, mainly from Norway (63%).

  • Energy Prices


    In 2022, the average price of gas for industry and households reached €22.2c/kWh and €24.9c/kWh, respectively, which represents a 4-fold increase since 2020 for industry and a 2.4-fold increase for households. The reduced availability of Russian gas led to a record natural gas price of €339/MWh in August 2022 on the TTF market.

  • Energy Consumption

    In 2022, total energy consumption per capita was 4.4 toe (around 50% above the EU average). At around 12 000 kWh, the country's electricity consumption per capita is the second highest in the EU (2.1 times higher than the EU average).


  • Issues & Prospects

    According to the Swedish Energy Agency's (STEM) long-term energy scenarios 2018, the country's total consumption should decrease by 16%-20% by 2050.

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • GRAPH 5: Gasoline & diesel prices (€/l)
  • GRAPH 6: Electricity prices for industry and households (€c/kWh)
  • GRAPH 7: Gas prices for industry and households (€c/kWh GCV)
  • GRAPH 8: Consumption trends by energy source (Mtoe)
  • GRAPH 9: Total consumption market share by energy (2022, %)
  • GRAPH 10: Final consumption market share by sector (2022, %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2022, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2022, %)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2022, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2022, %)
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

The Sweden energy market data since 1990 and up to is included in the Excel file accompanying the Sweden country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Sweden Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Sweden energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Sweden country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

  • Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
  • Power: Electricity generation & capacities, by technology.
  • CO2: Total CO2 emissions.
  • Macro-economy: Main macro-economic assumptions.
  • Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.