Electricity price January 2026
Average price per bidding zone in January 2026, compared with the previous month and the same month a year earlier.
In January 2026 the average price in SE3 was 108,45 öre/kWh, 110 percent higher than December and 71 percent higher than the same month in 2025.
SE4 cost on average 19,08 öre/kWh more than SE1 (112,99 vs 93,91 öre/kWh).
SE1 Luleå
93,91öre/kWh
+197 % vs previous month
SE2 Sundsvall
94,16öre/kWh
+194 % vs previous month
SE3 Stockholm
108,45öre/kWh
+110 % vs previous month
SE4 Malmö
112,99öre/kWh
+74 % vs previous month
Comparison by bidding zone
| Zone | January 2026 | December 2025 | Change | January 2025 | Change |
|---|---|---|---|---|---|
| SE1 Luleå | 93,91 | 31,61 | +197 % | 23,76 | +295 % |
| SE2 Sundsvall | 94,16 | 32,06 | +194 % | 24,31 | +287 % |
| SE3 Stockholm | 108,45 | 51,67 | +110 % | 63,44 | +71 % |
| SE4 Malmö | 112,99 | 64,87 | +74 % | 76,10 | +48 % |
Spot price in öre/kWh excluding VAT, grid fees, energy tax and supplier markup.
Source: Elmarknad.se(opens in new window)
Analysis
Read Savera's analysis of January 2026