Sweden — physical cross-border flows, 2026

Month by month

All borders together, with consumption for scale.

Month	Consumption, MWh	Physical exports			Physical imports			Average price, €/MWh	Difference €	Import ÷ consumption
Month	Consumption, MWh	MWh	€/MWh	€	MWh	€/MWh	€	Average price, €/MWh	Difference €	Import ÷ consumption
January	14,998,558	3,731,015	92.98	346,924,859	839,363	116.17	97,509,256	95.81	249,415,603	5.6%
February	13,779,018	2,919,742	92.99	271,499,794	855,423	120.52	103,098,702	98.97	168,401,092	6.2%
March	12,114,944	3,465,803	47.36	164,143,483	545,452	45.81	24,984,672	43.47	139,158,811	4.5%
April	10,364,023	3,265,383	41.22	134,599,050	579,016	47.80	27,678,422	40.45	106,920,628	5.6%
May	9,401,378	2,824,780	69.45	196,167,318	903,024	66.69	60,226,776	63.30	135,940,541	9.6%
June	8,819,720	2,262,249	76.30	172,606,228	1,076,729	54.77	58,968,963	61.78	113,637,265	12.2%
July	8,214,998	2,953,963	51.16	151,112,514	993,718	34.07	33,859,353	39.18	117,253,161	12.1%
August	8,978,852	2,950,428	53.63	158,225,538	819,225	44.54	36,490,735	52.09	121,734,803	9.1%
September35.4% of hours	3,274,865	947,477	64.09	60,719,631	184,917	52.95	9,790,798	59.58	50,928,833	5.6%
Total	89,946,355	25,320,840	65.40	1,655,998,416	6,796,866	66.59	452,607,678	65.28	1,203,390,738	7.6%

Consumption is measured separately, as the hourly average power summed over the month — not by adding up readings, since sources publish at different rates. The last column puts imports next to it for scale; it is not a dependency figure, because part of what enters passes straight through to another neighbour.

Where the difference comes from

1,203,390,738 € for 18,523,974 MWh that stayed in the country works out at 64.96 € per megawatt-hour, in a month that averaged 65.28.

Energy that stayed, at the month's average price −1,209,159,890 100.5%
What came in arrived above that average 8,939,502 -0.7%
What went out left below it −3,170,351 0.3%

The first line is energy the country needed and got. The other two — 5,769,152 € together — come not from how much moved but from when: cheap hours to sell in, expensive hours to buy in. That is the price of a timing mismatch, not a loss.

Official validation

The measured physical flow, checked against ANRE's published commercial trade.

Month	Physical net, MWh	Commercial net, MWh	Difference, MWh	Status
January	—	—	—	AWAITING OFFICIAL ANRE DATA
February	—	—	—	AWAITING OFFICIAL ANRE DATA
March	—	—	—	AWAITING OFFICIAL ANRE DATA
April	—	—	—	AWAITING OFFICIAL ANRE DATA
May	—	—	—	AWAITING OFFICIAL ANRE DATA
June	—	—	—	AWAITING OFFICIAL ANRE DATA
July	—	—	—	AWAITING OFFICIAL ANRE DATA
August	—	—	—	AWAITING OFFICIAL ANRE DATA
September	—	—	—	AWAITING OFFICIAL ANRE DATA

Gross volumes differ by design: the official indicators include transits, and a transit is counted once entering and once leaving, while a physical border sees it only once. Net figures converge, because transits cancel out — which is why the comparison is made on the net.

The percentage relates the difference to the month's commercial net. In a month with a small net, the same difference in MWh yields a larger percentage — which is why the difference is always shown in MWh as well.

ANRE publishes these exchanges as a physical balance in GWh. It publishes no import or export value and no average price per direction, so no money comparison is possible.

Physical cross-border flows and commercial electricity trades measure different phenomena. ANRE data is shown as an independent official benchmark and should not be interpreted as an exact reconciliation.