Just a week ago, southern Sweden reached a new record in the price of electricity, namely SEK 4.34 per kilowatt hour. That figure can now almost be seen as silly. Today afternoon, the price is expected to reach a whoer SEK 6.49 per kilowatt hour (!) for electricity customers in Southern and Central Sweden. That is, almost 50 percent higher than the previous peak.
This is reported by Aftonbladet today and where Christian Holtz, electricity market analyst at the consulting company Merlin &. Metis, speaks about the situation.
These are exceptionally high prices. When we are at such high levels, it takes very little for there to be major changes.
"There is a high risk of new price records"
The reason for the new increases is considered to be a combination between low wind power production, high fuel prices in Europe and chilly temperatures in the country. In addition, exports of electricity are being restricted as domestic demand continues to increase.
When asked by Aftonbladet how expensive electricity can be, a gloomy answer is given.
In principle, there is no limit to how expensive it can be. Throughout January and February, there is a high risk that we will get new price records," says Christian Holtz.
One bright spot in the reporting is that northern parts of the country will not be hit anywhere near as hard. There, the electricity price for a kilowatt hour is estimated to be around SEK 1.97.
