Record prices for fuel oil but cheaper electrical energy

During the first quarter of 2012, the price of fuel oil has reached record-high levels. District heating rates continued to increase while electrical power rates decreased across the board and were at the end of March lower than for many years, irrespective of the form of contract and type of customer.

The total price of fuel oil for domestic customers rose, and in March 2012 an all-time high of SEK 14 321/m3 was recorded. Compared with March 2011, this represented an increase of SEK 956/m3 (7 per cent). District heating rates also continued to rise. During the first quarter of 2012, the price was SEK 52.2/MWh (6.5 per cent) higher than the same period in 2011.

Lower electrical energy rates

All electrical energy rates, regardless of contract form or type of customer, were at the end of the first quarter 2012 lower than at the end of the previous quarter, and at the same time lower than for a long time. Variable electricity rate contracts showed a price reduction – depending on the type of customer – of 4.9–5.1 öre/kWh (9.9–13.5 per cent) compared with December 2011. This means the lowest variable electricity rate contracts since August 2007. Current electricity rate contracts continued to be the most expensive, but these too dropped somewhat in price during the first quarter. The difference in price between the lowest price contracts, variable rate contracts, and the highest, current rate contracts, amounted in March to 41.3 – 43.1 öre/kWh, depending on the type of customer. This means an increase in the difference between the most expensive current rate contracts and the least expensive contracts compared with December 2011.

On 1 January, 2012 an average increase in electricity network rates of 3.6–5.5 per cent was reported compared with the same period last year. However, the price increase for three of the customer groups in 2012 is somewhat lower, and somewhat higher for the fourth group, than during the previous year on 1 January, 2011.

Fewer electricity supplier changes

The number of households that changed electricity supplier during the first quarter of 2012 dropped by 8 per cent compared with the first quarter of 2011. During the past four quarters, a total of 455,631 changes were registered in the household sector, which is an increase of 6 per cent compared with the same period before.

About the statistics

The statistics have been produced by Statistics Sweden, SCB, on behalf of the Swedish Energy Agency, which is the authority responsible for the official energy statistics in Sweden.