September has been an expensive month for electricity consumers. But from a peak of nine kronor per kilowatt hour on Monday, prices on Saturday are sometimes at negative levels.
BusinessNine kronor per kilowatt hour. That's how much electricity costs at times on Monday evenings in southernmost Sweden. For a single quarter-hour, it's a new record.
BusinessIncreased war fears in the Middle East are pushing up gas and oil prices globally. Swedish prices for electricity, gasoline and diesel are also rising.
BusinessThe conflict in the Middle East and broken transport routes have depleted gas stocks in Europe. For Sweden, this means a tough winter with electricity prices near record levels, according to Christian Holtz at the consultancy Polite Energy.
BusinessThe risk of an electricity price shock for Swedish households has not been eliminated. This is despite the fact that deliveries of natural gas from countries around the Persian Gulf have begun to resume and that gas prices are now well below wartime peaks. The heat wave and unusually low gas stocks for power generation and industry in the EU remain a concern.
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