Bottlenecks in the energy network and the war in Ukraine. These are two reasons why electricity prices will continue to be a topic of discussion in the future, with price differences between different parts of Sweden skyrocketing. As a result, Vattenfall has suffered billions in losses, the company's latest annual report shows - and in the context of this, the energy giant predicts that price trends have yet to see the light at the end of the tunnel.
- This is a serious situation and the energy transition in Europe needs to be accelerated. It is difficult to speculate on the way forward. 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.
Hope for accelerated action
The result is mainly based on bottlenecks in the transmission network and the price differences in the country are precisely because the electricity route to the south was restricted, she says in the article and calls for measures to even out the differences.
- The best way is to remove the bottlenecks. And we hope that Svenska Kraftnät will speed up investments in the Swedish grid, says Anna Borg.
According to the article, average Nordic electricity spot prices were 161% higher last year.
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