The Swedish state-owned power transmission operator Svenska kraftnät has proposed a SEK55bn (€5bn) subsidy to help households and businesses affected by high energy prices in bidding areas 3 and 4, which concentrate most of Sweden’s population and economic activity. The prices within the country vary between the four different bidding areas as a result of the balance between offer and demand in each of the zones.
Users in area 3 will receive SEK50c/kWh (€4.6c/kWh) for their consumption between October 2021 and September 2022, while clients in area 4 are going to get SEK79c/kWh (7.2c/kWh). The Swedish Energy Markets Inspectorate must approve the grid operator's plan before the government can put it into effect. Electricity prices for households in Sweden tend to be 10% lower than the EU average. Electricity prices for industry are the lowest in the EU (around 40% lower than the average).
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