– The electricity price has never been so high during the summer period if we count June to August as a whole, says Johan Sigvardsson, analyst at Bixia, in an article from Dagens Industri.
That summarizes the summer's electricity market. Primarily in southern Sweden, where the average daily price ended up at SEK 1.05 per kilowatt hour as recently as Tuesday. That is only SEK 0.04 from the absolute top figure that was set on August 12 this year.
– If we compare with last summer, where prices were the lowest ever, the contrasts will naturally be very large.
Average prices for the entire country have only increased during the summer. In June, the spot price, which governs the variable electricity prices, averaged 44 öre per kWh in June, 55 öre in July, and 63 öre in August.
"Fossil power plants drive up electricity prices"
In an interview with DI, Jacob Dalton, an electricity price expert at Tibber, predicts that the trend will continue.
– Many of us have enjoyed the warm summer in Sweden, but it has also been very dry. This means that the levels in the water reservoirs are unusually low, which affects hydropower production, says Jacob Dalton in the interview, and continues:
– We have also seen record high fuel prices in Europe due to supply restrictions worldwide, and demand has increased after the pandemic. In addition, there have been record high carbon dioxide prices. This results in higher costs for fossil power plants, which in turn drives up electricity prices.
