Bottlenecks in the energy grid and the war in Ukraine. These are two reasons why electricity prices will continue to be a topic of conversation in the future, where the price differences between different parts of Sweden have been sky-high. As a result, Vattenfall has suffered a billion-dollar loss, according to the company's latest annual report - and in connection with this, the energy giant predicts that the price development has not yet seen the light at the end of the tunnel.
"It is a serious situation, and the energy transition in Europe needs to be accelerated. It is difficult to speculate about the future development. But right now, it looks like we have to get used to continued very volatile and high electricity prices," says Anna Borg, CEO of Vattenfall, according to Dagens Industri.
Hoping for accelerated measures
The result is mainly based on bottlenecks in the transmission network, and the price differences in the country are precisely because the electricity route south was limited, she says in the article and calls for measures to even out the differences.
"The best way is to build away the bottlenecks. And we hope that Svenska kraftnät speeds up investments in the Swedish core network," says Anna Borg.
According to the article, the average Nordic electricity spot prices were 161 percent higher last year.
