Electricity financial support for businesses

by Ebba Perman Borg, Victor Elovsson and Maria Ström


Power lines and sunset.

Following this winter's high energy prices, the Swedish Government has presented two different electricity subsidies for business. One which is general that all eligible businesses may apply for, and one which is an additional subsidy aimed specifically at electricity‑intensive companies. The subsidies are administered by the Swedish Tax Agency and the Swedish Energy Agency.

The general subsidy

The general subsidy is available for companies with business operations in electrical areas 3 and 4, and which had a valid agreement regarding connection to the electricity grid on 17 November 2022 at the latest. The subsidy will be administered by the Swedish Tax Agency and as such, made available through the company's tax account.

The amount of electricity subsidy that an eligible company may receive is based on that company's electricity consumption during the period October 2021 to September 2022. The subsidy itself amounts to SEK 0.79 per consumed kWh for companies in electrical area 4, and SEK 0.50 per consumed kWh for companies in electrical area 3. The maximum amount a company, or a group, may receive is SEK 20 million.

The application is estimated to be open between 30 May and 25 September 2023, and will be available on the Swedish Tax Agency's website.

The subsidy for electricity intensive companies

Companies that fulfil the criteria for an electricity‑intensive company may apply for both the general subsidy and the additional subsidy. To be considered an electricity‑intensive company, the company must have had an electricity usage of at least 0.015 kWh per SEK of turnover during 2021 – not including heating.

The subsidy that electricity‑intensive companies may apply for shall cover part of their electricity costs during the period October–December 2022 that exceed one and a half times the average price during 2021 for that company. The estimated subsidy must amount to at least SEK 50,000, and the maximum amount per company or group is SEK 20 million.

The application is open between 6 March and 17 April 2023, and is made through the Swedish Energy Agency's website.

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