Ngenic has revealed that Swedish electricity consumers saved 96 billion kronor last winter, from September 2022 to April 2023, compared to the two electricity price subsidies, which together cost approximately 60 billion. The news has been reported by outlets including Ny teknik, Energinyheter.se, and Uppsala Nya Tidning, and was discussed at Almedalen by leading energy representatives.

– People have demonstrated the power to change ingrained behavior patterns by adjusting their electricity consumption. Thanks to this, they have both paid for fewer kilowatt-hours than usual and benefited from lower prices. As the largest net exporter of electricity to the rest of Europe, Sweden as a nation has also earned an additional approximately 9 billion kronor in export revenue, says the mastermind behind the calculation, Ngenic CEO Björn Berg.

Ngenic, together with Eneff (the Energy Efficiency Companies Association), wants to advocate for policy measures that lead to permanent energy efficiency improvements rather than a temporary reduction in consumption.

“Much-needed expansions of the power grid should be complemented by policy decisions that promote efficiency. Electricity consumption equivalent to that of 4–5 million households could be reduced through cost-effective measures while maintaining the same level of comfort—that is, without lowering temperatures or taking cold showers,” says Lotta Bångens, CEO of Eneff.

Bångens and Berg appeared at Almedalen this summer alongside Peter Bennich from the Swedish Energy Agency, Johanna Barr from Jämtkraft, and Linus Lakso from the Green Party. The goal was to find solutions for how we should act to ensure that the reduced electricity consumption seen this winter becomes a long-term trend.

How the calculation was made
Svenska kraftnät’s savings statistics were linked to Statistics Sweden’s price statistics for electricity consumers. The price data comes from Energiforsk, which calculated how much a reduction in consumption in southern Sweden (electricity zones 3 and 4) would lower the price of electricity under various scenarios.

There are underutilized solutions to the energy crisis. In this video, Ngenics CEO Björn Berg presents facts and solutions—both short-term and long-term—for the future.