Most people continue to opt for variable electricity rates

The proportion of customers with variable electricity rate contracts continues to increase and in December 2012 reached an all-time high. It is also the contract group with the highest number of customers. The share of customers with current electricity rate contracts is decreasing and is the lowest to date. This is apparent from new statistics for the fourth quarter 2012.

As before, the single largest contract group continues to be the one with variable electricity rates, even though the growth rate is slower than before. In December 2012, the proportion was 32.2 per cent, which is a record-high figure and, compared with December 2011, is an increase of 4.7 percentage points. The proportion of customers with current electricity rate contracts reached 18.6 in the fourth quarter of 2012 – the lowest figure so far registered in the statistics.

"The trend towards an increase in the proportion of variable electricity rate contracts and a reduction in current rate contracts has been apparent for a long time. If we compare the proportions for 2012 with those of 2008, it can be seen that the share of customers with variable contracts has increased by 10 percentage points while the proportion with current rate contracts has decreased by 16 percentage points," says Charlotte von Sydow, Analyst at the Swedish Energy Agency.

The prices for all contract groups increased during the fourth quarter. The increase was particularly marked in the case of variable rate contracts, above all in December. The variable rate was in December, depending on the type of customer concerned, 14.0 – 14.1 öre/kWh higher than in September this year, and represents an increase of 31.5 – 44.2 per cent. For other electricity rate contracts, the changes during the final quarter of the year were more moderate, with minor price increases. A comparison of the rates for the five different forms of contract shows that the prices offered for a 1-year contract were the lowest of all contracts for the six type customers that are presented at the end of the fourth quarter, 2012. The contracts with the next-lowest prices, other time-bound price contracts and variable price contracts, respectively, were on the other hand only 1.0 – 1.4 öre/kWh higher than the 1-year contracts.

Price of fuel oil dropped at the end of 2012

The total price, including tax and VAT, of fuel oil for house customers dropped during the fourth quarter 2012 compared with the previous quarter. In December, the price was noted at SEK 13,489/m3, which is a decrease of SEK 267/m3 compared with December 2011, and is equivalent to 2 per cent.

Fewer households changed electricity supplier

138,509 household customers changed electricity supplier during the fourth quarter of 2012. This is a decrease of 8 per cent compared with the same period in 2011. During the whole of 2012, a total of 454,053 supplier changes were registered, which means a reduction of 2 per cent compared with 2011.

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.