Sweden's Electricity Prices Stable This Autumn Despite Double-Year Increase
Sweden's electricity prices are set to remain stable this autumn, though higher than last year. The average price is predicted to be 50 öre per kilowatt hour, more than double last autumn's rate. Meanwhile, the income gender gap in Sweden has narrowed slightly to 22 percent in 2023.
The increase in electricity prices can be attributed to reduced nuclear power availability and insufficient hydropower generation due to a dry summer. Despite these factors, the autumn average is still far below the high prices seen in 2022.
In positive news, the number of bankruptcies in Sweden has continued to decline, falling by 3 percent in September compared to the same period last year. This marks the sixth consecutive month of decline, indicating a strengthening economy.
State-owned railway SJ will release Christmas train tickets for departures between December 14th and January 11th on October 1st, giving travellers ample time to plan their festive journeys.
While electricity prices are expected to be higher this autumn, they remain stable and well below the peak prices of 2022. The income gender gap in Sweden has also shown a slight decrease. Additionally, the continued decline in bankruptcies signals a robust Swedish economy heading into the winter months.
