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.
BusinessElectricity prices in May are at their highest level since Russia's large-scale offensive against Ukraine began in 2022. Analysts say dry conditions and soaring gas prices are to blame.
BusinessThe price of electricity has skyrocketed in the wake of the Iran war. In southern Sweden in particular, unusually high electricity costs are expected for the rest of the year. It is probably too late to fix electricity prices. Christian Holtz, an electricity expert, says it is very expensive at the moment.
BusinessAbout 10 percent. Electricity is estimated to become that much more expensive solely as a result of the Iran war in the spring and summer, according to electricity analyst Christian Holtz. "It is very strongly linked to the price of gas," he says.
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