Sweden
With a power score of 2.24, Sweden ranks number 18 among developed markets and number 28 in the global power ranking.
- Developed markets
- Europe
2.24 / 5
Power score
-12 places
Global power rank change
Overview
Sweden has a power score of 2.24, which puts it at rank 28 in the global power ranking, and rank 18 in the developed markets power ranking. In comparison to 2021, Sweden has deteriorated in the power rankings by -3 places, from rank 25, to rank 28.
At 2.24, the power score of Sweden is better than the regional average of 2.18 in the Europe region.
Regional power score comparison
Power
Power policy
Sweden implements policies in 2/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.
Power policies
Power prices and costs
The average electricity price in Sweden has increased from 169.73 USD/MWh in 2021 to 189.71 USD/MWh in 2022. Since 2017, the average electricity price in Sweden has fluctuated between 131.54 USD/MWh (2020) and 189.71 USD/MWh (2022).
Power market
The top amount of capacity installed in Sweden in 2022 was in Large Hydro at 34.14%, down from 36.34% in 2021. The technology with the biggest increase in capacity installed in 2022 was Wind at 29.27%, up from 26.8 in 2021.
Installed capacity (in MW)
Electricity generation (in GWh)
The largest electricity generating technology in Sweden in 2022 was Large Hydro, generating some 38.48% of electricity, down from 41.05% in 2021. The technology with the biggest increase in eletricity generation in 2022 was Wind at 19%, up from 15.93% in 2021.
Investment in clean energy in Sweden was around $1634.32 million in 2022, a decrease of 55.58% from 2021 ($3679.18 million). Between 2017 and 2022, the highest investment in clean energy was in 2018 at $4197.6 million, while the lowest was in 2022 with $1634.32 million.
Utility privatisation
Which segments of the power sector are open to private participation?
Type
Question
Availability
Wholesale power market
Does the country have a wholesale power market?
Doing business and barriers
Type
Question
Availability
Currency of PPAs
Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
Type
Question
Availability
Bilateral power contracts
Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
Type
Question
Availability
Fossil fuel price distortions - Subsidies
Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
Type
Question
Availability
Fossil fuel price distortions - Taxes and carbon prices
Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
Transport
Transport policy
Sweden implements policies in 5/9 transport policy categories tracked by Climatescope, including Clean transport target, National ICE phase-out, EV purchase grant/loan incentive, EV VAT reduction/exemption, EV import tax reduction/exemption, EV income tax reduction/exemption, EV recurring tax reduction/exemption, EV charging infrastructure target, E-bus target.
Transport policies
Type
Question
Availability
Fuel economy standards
Does the country have a fuel economy standard in place?