Heat in Europe is causing sky-high electricity prices
The heat in Europe has air conditioning running at full speed. With the weather mostly calm, electricity becomes particularly expensive in the evenings.
BusinessThe heat in Europe has air conditioning running at full speed. With the weather mostly calm, electricity becomes particularly expensive in the evenings.
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 worst of the cold may have passed, as may the electricity price spikes. But the average price on the electricity exchange is likely to end up above 1 krona per kWh in February, about the same as in January, according to analysts.
BusinessWinter has taken a firm grip on the country, and on Wednesday, electricity consumption will reach its highest level so far this winter. But there is no risk of electricity shortages or price increases, at least not yet. "It looks stable," says electricity analyst Johan Sigvardsson.
BusinessThe nuclear power plant in Oskarshamn will be closed for nine days after deviations were discovered, owner Uniper announced. However, the impact on electricity prices is not expected to be huge.
BusinessElectricity prices have been unusually high at the beginning of the week. Lack of wind and more stationary nuclear reactors than expected are behind this.
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