What am I paying for?
Updated over a week ago

Electricity Cost

A detailed explanation of all the line items on the invoice follows below.

  • The spot price is the market price of electricity from the electricity exchange Nord Pool. The spot price varies every hour, and the spot prices for the current day are determined the day before. A month has 720 hours, each with its unique spot price, which on the invoice is displayed as your average price for the month.

  • Electricity certificates are priced according to the basic principle of supply and demand. The electricity certificate system was introduced on May 1, 2003, with the aim of increasing electricity production from renewable energy sources in Sweden.

  • Origin guarantees. For every kWh produced in Sweden, origin guarantees are created. These are then sold on an open market (there are also bilateral agreements). The demand for origin guarantees determines the price. Renewable energy sources have higher demand, which means the prices for these origin guarantees are higher. As an electricity supplier, we match the consumption from Greenely's customers and then buy an equivalent amount of origin guarantees.

    The electricity you consume, which comes out of your socket, may come from different energy sources, but what we at Greenely do by purchasing origin guarantees is to ensure that you only pay for fossil-free energy.

  • Balance fees (Balance Responsibility, Imbalance Costs, Swedish Power Grid, eSett & Nord Pool) Balance Responsibility is a fee we pay to our responsible balance provider to ensure that all Greenely's customers have electricity available around the clock. Imbalance costs arise from the difference between our electricity forecasts and the actual electricity consumption of customers, which includes fees from the Swedish Power Grid and eSett. Finally, there is also a fee to Nord Pool for buying and selling electricity.

  • Overhead for the purchase of electricity are administrative fees directly related to the purchase, operation, and management of the electricity business, including system costs.

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