In most of Sweden, there are negative prices on Saturday. The explanation is wind power production, which on Monday was about half of normal, while it is now 6,000-7,000 megawatts above normal, says Christian Holtz, electricity market analyst at Polite Energy.
It makes a huge difference and on top of that, on weekends there is somewhere around 3,000-4,000 megawatts less consumption.
At the same time, prices on the continent are exceptionally high, driven by high gas prices and developments in the Middle East. The electricity market is volatile and today's low prices do not look set to last. Higher prices await us in the future.
I don't think they will be quite as high as during the energy crisis of 2021-2022, but still very high historically.
Christian Holtz points out that in addition to the fluctuations, there will be large differences within the country.
Over the winter months, in a normal weather scenario, the market expects upwards of 1.50 in southern Sweden, while in the north it expects perhaps just under half that.
On top of the price on the electricity exchange, taxes and electricity network fees are added.
