The 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.
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.
BusinessExpect higher electricity prices in winter. But it is not expected to be as bad as during the electricity price shock 2022. And the government's new electricity price cap, which will come into effect on Saturday, is likely not to be activated, according to assessors.
BusinessAbout a third of the households in Southern Norway have taken advantage of the so-called Norway price, fixed price on electricity. From today, October 1, Norwegians can let the state take the cost of an electricity price over 40 öre/kWh – something that can result in more expensive electricity bills in Sweden.
BusinessFrom 1 October, you can buy electricity per quarter, not just per hour as now. Maybe no giant revolution, but for the electricity nerd there are kronor to be saved. With an automated system, you can ensure that electric car charging takes place when it is cheapest, says electricity analyst Christian Holtz.
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