Source - Ei R2025-19 Sweden Electricity and Gas Market 2024 (2025)
Ei R2025:19 — Sweden’s electricity and natural gas market, 2024. Published October 2025. Annual market monitoring report from Energimarknadsinspektionen (Ei), submitted to CEER and the European Commission per requirements of Directive 2019/944.
Bibliographic details
| Field | Value |
|---|---|
| Title | Sweden’s electricity and natural gas market, 2024 |
| Issuer | Energimarknadsinspektionen (Ei) |
| Date | October 2025 |
| Reference | Ei R2025:19 |
| Type | Annual regulatory report (public) |
2024 electricity market statistics
Production and prices
- Total production: 169 TWh (163 TWh in 2023), +4%
- Wind power: 40.3 TWh, +18% — main driver of production increase
- System price: 39 öre/kWh (down from 64 öre/kWh in 2023) — fall of 39%
- Zonal prices: SE1/SE2 ~€27/MWh; SE3 ~€38.7/MWh; SE4 ~€53.6/MWh
- Negative price hours: 784 hours in 2024, ~9% of all hours — continued upward trend
- Flow-based capacity calculation introduced in 2024 → increased day-ahead trading capacity but also larger price divergence between bidding zones
Energy storage
- Installed battery capacity (July 2024): ~370 MW
- Under construction: >1,400 MW
- Planned (3–10 year horizon): >8,300 MW
- Source: Bodecker Partners AB (June 2024) on behalf of Swedish Wind Energy Association
Balancing market
- mFRR Energy Activation Model (EAM) launched March 2025: activated the automated mFRR activation process and changed MTU from 60 minutes to 15 minutes — aligning with the EU 15-min trend
- Nordic MARI and PICASSO: Nordic TSOs in the process of connecting to European balancing energy platforms
Network tariffs
- 17 operators applied demand-based tariffs to household customers in January 2024 (vs 16 in 2023)
- New 4-component tariff structure (energy charge, demand charge, customer-specific charge, residual) required by January 1, 2027 under EIFS 2022:1
- Demand charge must be time-differentiated
- Residual cost distributed based on subscribed power (perceived as fixed by customer)
Bidding zone review
- April 2025: EU-wide bidding zone review concluded; for Sweden, current 4-zone division (SE1–SE4) proposed as maintained for 2025 reference year
- May 2025: Swedish Government tasked Svenska kraftnät with analyzing conditions for changing the bidding zone division — acknowledging current division may not reflect upcoming system changes
Energy policy
- New national energy policy objectives adopted by Parliament in 2024 (Govt. bill 2023/24:105):
- Planning objective: electricity system development to create conditions for ≥300 TWh demand by 2045; demand targets defined per 5-year intervals (2030/2035/2040/2045)
- Security of supply objective: electricity system must supply electricity where and when needed, in sufficient quantities and in a socio-economically efficient manner
- Both objectives monitored starting 2030
- Reliability standard: unchanged at 1 hour/year LOLE (Ei annual review found no basis to change)
Demand flexibility and flexibility markets
- Ei updated its flexibility strategy in 2024 (originally published 2020); three strategic areas: efficient markets, efficient grid utilization, flexible electricity customers
- Ei launched EFFEKT dialogue forum for flexibility stakeholder engagement
- Published information for customers at ei.se/kundflex
- Published EV assessment under AFIR (Regulation EU 2023/1804) on how EVs and public charging can contribute to flexibility
- NC DR: ACER submitted proposal for Network Code on Demand Response to European Commission in spring 2024
- Local flexibility markets: Ei published spring 2025 follow-up report (Sweco kartläggning) on local flexibility market status
- Aggregation service provider rules in force since June 1, 2023 (independent aggregators)
Non-concessionary grids (IKN)
- New rules from January 1, 2025: removed requirement that grid must originally have been used exclusively for own use; introduced exemptions for energy sharing within own property
Relevance to existing wiki content
- Energy Storage — July 2024 battery deployment figures (370 MW installed, 1,400 MW under construction, 8,300 MW planned)
- Balancing Markets — mFRR EAM March 2025 launch and 15-min MTU change
- Svenska kraftnät — bidding zone review status; May 2025 government assignment
- Network Code on Demand Response — NC DR proposal submitted to EC spring 2024
- Flexibility Market — NC DR, aggregation rules, Ei kartläggning reference
- Demand Response — Ei’s demand flexibility promotion activities 2024
- Electric Grid Structure — network tariff reform timeline (EIFS 2022:1, effective Jan 2027)
- Ei — new planning and security of supply objectives; flexibility strategy update