Continued decrease in electricity rates

Electricity rates have continued to drop during the second quarter of 2012. In June, they had reached the lowest levels since summer2007.

The rates offered for variable price contracts were still the lowest of all types of contract. The next lowest rates were for time-bound 1-year contracts. This is shown by the statistics for the second quarter of 2012.

For variable electricity rate contracts and time-bound contracts, the rates ion June 2012 reached their lowest levels since summer 2007. For current electricity rate contracts, the price was the lowest since the beginning of 2010.

The variable rate offered in June was, depending on the type of customer, 0.1-0.4 öre/kWh lower than in March this year, and is a decrease of 0.3-1.2 per cent.As far as time-bound contracts are concerned, they were 2.4-2.9 öre/kWh lower, which entails a reduction of 4.2–5.9 per cent.Current electricity rate contracts were 6.7–7.4 öre/kWh lower in June than in March 2012. This is equivalent to a reduction of 7.7–10.0 per cent.

For the first time, the proportion of customers with current electricity rate contracts fell to below 20 per cent during the second quarter of 2012. The largest group is customers with variable rates, and in June 2012 the share was 30.8 per cent.

The average total electricity rates (including network fees and taxes) paid by household customers during the first half of 2012 dropped for four of the five reported customer groups compared with the previous 6-month period. However, in the case of one of the customer groups, those with an annual consumption of less than 1 000 kWh, the price rose. Compared with the first half of 2011, the electricity rates decreased for all customer groups.

Drop in prices for district heating and domestic heating oil

During the second quarter of 2012, there was a decrease in district heating rates in Sweden. Both April and June this year had lower prices than in the same months in 2011. The price of district heating was SEK 29.5/MWh, (or in other words 5 per cent) lower in June compared with the same period the year before.

During the first quarter of 2012, an all-time high was recorded for the total price of domestic heating oil, namely SEK 14,321/m3. During the second quarter the price dropped, and was in June SEK 13,596/m3. However, compared with June 2011 it entails an increase of SEK 418/m3, which is equivalent to 3 per cent.

An increase in electricity supplier changes

A total of 103,259 household customers changed their electricity supplier during the second quarter of 2012. This is an increase of 6 per cent compared with the same period in 2011.