Electricity in Sweden in 2023/2024

Currently, Sweden is at the forefront of clean electricity generation, with almost 96% of its electricity coming from low-carbon sources. This impressive feat highlights the country's commitment to sustainable development and environmental responsibility. Over the 12 months from November 2023 to October 2024, around 42% of Swedish electricity is generated from hydropower, contributing significantly to the country's green energy portfolio. Nuclear power follows closely, providing nearly 31% of electricity. Wind power, increasingly vital in Sweden's clean energy strategy, supplies over 22% of the electricity, while solar energy contributes a modest yet growing 1%. More than being self-reliant on clean electricity, Sweden plays an instrumental role in regional environmental goals as a net exporter of electricity, thus aiding neighboring countries in reducing their carbon emissions. However, as Sweden looks to future challenges, such as the electrification of sectors like transport, heating, and industry, there will be a need for substantial increases in electricity production.

Suggestions

To bolster its low-carbon electricity generation, Sweden can focus on expanding its existing nuclear and wind capabilities. By continuing to invest in nuclear energy, the country can ensure a stable and reliable supply of clean electricity, meeting rising demands without increasing carbon emissions. The advancement of nuclear technology offers greater efficiency and safety, further validating this approach. Simultaneously, Sweden can capitalize on its plentiful wind resources by constructing more wind farms, both onshore and offshore. Wind power's scalability and cost-effectiveness make it an excellent candidate for furthering the country's clean energy goals. Although solar currently plays a smaller role, targeted investments in solar technologies can enhance its contribution, especially during the sunnier months. By weaving together these expansion strategies, Sweden can support its national objectives and continue to lead in the fight against climate change.

History

Sweden's journey towards low-carbon electricity has seen considerable developments over the decades. In the early 1980s, nuclear energy witnessed significant growth, particularly in 1981 and 1986, with notable increases in output by over 11 TWh each year. However, the early 1990s saw a dramatic decrease in nuclear production, particularly in 1992 when it fell by over 13 TWh, yet hydro production compensated with an increase of 11 TWh in the same year. Remarkable fluctuations persisted through the 1990s to the 2000s, with large decreases in hydroelectric generation in certain years like 1994 and 1996, yet some increases in subsequent years. Despite some setbacks, the early 21st century saw hydro production rally, with recoveries like in 2005 and 2012 of around 12.5 TWh. Unfortunately, significant declines in nuclear output in key years (2000 and 2020) posed challenges, pointing towards the necessity for robust policies and investments to stabilize and potentially grow the nuclear sector in Sweden’s clean energy future.

Electricity Imports and Exports

Balance of Trade

Maximum Imports

Data Sources