Wednesday, January 15, 2025

It has become 15,000 percent more expensive to charge an electric car

Here in Denmark, electricity is currently quite expensive. But that's nothing compared to the situation in Sweden, where it has become 15,000 percent more expensive to charge an electric car.

The spot price of electricity for charging electric cars has increased by 15,000 percent in some areas of Sweden. In particular, in the country's southern electricity areas, the price is significantly higher compared to the northern areas.

The big difference applies to both Wednesday and Thursday, when the price spread will probably reach a record high.

In electricity area 4, which covers Malmo, among other places, the spot price is set at approximately 1.72 Danish kroner per kilowatt-hour. In comparison, the price in electricity area 2 is only 13 ore. This corresponds to a difference of almost 15,000 percent.

For electric car owners, this means that it can be significantly more expensive to charge the car in the south than in the north. Charging an electric car with a 50 kWh battery in southern Sweden will cost approximately 84 Danish kroner more than in the northern areas, if consumption is based solely on the spot price.

In addition, there are additional costs such as electricity company fees, energy tax, VAT and electricity grid fees to the state.

The spot price of electricity is valid for a single day and directly affects customers with hourly electricity price agreements. For those with variable electricity agreements, however, the price is calculated as an average for the entire month. Which can offset the extreme fluctuations. Something that is expected this week.

According to energy analyst Johan Sigvardsson, one of the reasons for the high prices in southern Sweden is related to the conditions in Germany. There, unusually little wind is expected on Wednesday and Thursday. And that is sending the price of electricity skyrocketing.

– When you don't have cheap production, it has to be replaced, and then we in Sweden are drained via the export cables, Sigvardsson explains to the Swedish news agency TT .

This development highlights the large regional differences in electricity prices within Sweden, which are often due to differences in energy production, consumption and transmission capacity between the north and south.

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