- Sweden edition
- Change edition:
- France |
- Germany |
- Norway |
- Switzerland
February 14, 2012
Electricity prices soar as temperatures plummet
Published: 7 Jan 10 17:04 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/24256/20100107/
Electricity prices in Sweden continue to rise in the wake of the prolonged spell of subzero temperatures across much of the country.
- Cold spell puts Swedish homes in the dark (6 Jan 10)
- 7,000 without power in western Sweden (27 Dec 09)
- Norwegian named as new Vattenfall CEO (16 Nov 09)
On Monday, the kilowatt hour spot price was around 70 öre ($0.098) per KwH on the Nordpool exchange. By Friday, the price is expected to be be around 304 öre(KwH), the highest price of the year.
The sky-high prices have come as a blow to Swedes with variable-rate electricity agreements.
However, Sigge Eriksson, head of power provider Vattenfall’s private market division, told the TT news agency on Wednesday that customers shouldn’t focus too much on high spot prices for any specific day.
“In December we had higher prices and then we had this high point of 261 [öre/KwH], but the following day prices fell,” he said.
“I don’t have statistics for all of December, but the effect was that the average price ended up at around 50 öre.”
The long stretch of cold winter weather has also affected Sweden’s overall energy consumption.
On Thursday afternoon, the country used about 25,400 megawatt hours (MwH) of power.
Usage between 5pm and 6pm on Friday is expected to climb to 26,600 MwH, prompting warnings from Svenska Kraftnät about strains on Sweden’s power system.
The grid operator has already dipped into its reserves in order to ensure a margin of 1,000 MwH in case of an unforeseen event.
“Tomorrow (Friday), the margin is going to shrink because of the high energy consumption, but we’re still a long way from an energy deficit,” Svenska Kraftnät spokesperson Maria Jäderberg told TT.
She said that, at the moment, there is no need for the grid operator to ask the parties with which it has energy contracts to lower their energy consumption.
What do you think? Leave your comment below.
Fark It!
Digg This
Share everywhere
Send to a friend
Printable version
Twitter ThisEU to probe Sweden's 'economic imbalance'
Sweden is among twelve countries set to be discussed in a report from the EU commission, due to what the European Commission has identified as imbalances in the economy. READ (7 COMMENTS) »
House prices in Sweden begin upward climb
After observing a slight rise in real estate prices after the first month of 2012, Swedish realtors are hoping that this may be the beginning of a positive trend after last year's plummeting prices. READ »
Swedish recruiters check jobseekers on the net
40 percent of recruiters are checking potential employee’s social networking pages during the hiring process, a figure which has shot up from last year, according to a recent report. READ (3 COMMENTS) »
Narcolepsy victims in new compensation bid
Families of children in Sweden suffering from narcolepsy caused by vaccination for the swine flu can expect some form of compensation, Swedish health minister Göran Hägglund said on Sunday in response to new calls for help from parents. READ (1 COMMENT) »
Saab shares dive despite strong 2011 report
Swedish defence group Saab on Friday reported a major boost in earnings for 2011 thanks to winning several major contracts, but a drop in orders left investors jittery, sending Saab's stock price down nearly 10 percent. READ (3 COMMENTS) »
Mats Sundin in massive kid's health research gift
Mats Sundin, the ex-Swedish hockey great, has made a donation supporting research into children's health at Karolinska Institutet in Stockholm and the University of Toronto. READ (5 COMMENTS) »
H&M under fire over Cambodia mass faintings
H&M has been criticized for choosing not to attend a hearing to highlight poor conditions for textile workers in Cambodia, where hundreds of employees at a plant run by the Swedish fashion giant mysteriously passed out in August. READ (6 COMMENTS) »
SAS earnings hit by Spanair bankruptcy
The bankruptcy of Spanair pulled SAS into the red for 2011, despite improved operating profits, the Scandinavian airline reported on Wednesday. READ (2 COMMENTS) »
Saab to cut Swiss Gripen fighter price: report
Swedish defence group Saab have announced that it will cut the price on its Gripen fighter jet to secure its Swiss order after a threat by French planemaker Dassault to undercut them. READ (6 COMMENTS) »
Few Swedes ready to work until they're 75: poll
An overwhelming majority of Swedes disagree with Swedish prime minister Fredrik Reinfeldt's suggestion that workers should be ready to stay on the job until they are 75, a new poll shows. READ (34 COMMENTS) »
- 07/02 US ISPs block hacker probes: Swedish police (5 comments) »
- 06/02 Kinnevik in bid to buy up publisher Metro (2 comments) »
- 06/02 Fire brigade slammed for 'renting out' rooms (2 comments) »
- 03/02 New bidder in the Saab saga shows its hand (8 comments) »
- 03/02 Volvo group announces record sales for 2011 »
- 03/02 TeliaSonera reports profit drop for 2011 »
- 02/02 Electrolux profits plunge amid weak demand »
- 02/02 AstraZeneca job cuts hit Södertälje hard (8 comments) »
- 02/02 Europe's banks set for years of 'shrinkage': Borg (2 comments) »
- 01/02 'Underclass-safari' post lands official in trouble (1 comment) »
20 things to know before moving to Sweden
As diverse as Sweden is, there are a few societal norms that are distinctly Swedish. Understanding a handful of them will hopefully prepare you culturally before you relocate. When you're invited home to a Swede, you better be on time and take your shoes off, writes expat Lola Akinmade-Åkerström. Read more »
How far can English take you in Sweden?
Sweden is a country where almost everyone can speak English. So why bother to learn Swedish? Edina Varnagy from Hungary managed with English for a whole year but then found that Swedish could open doors – to a job, a social life and greater understanding. Read more »
| 14/02 | Channel Marketing Campaign Manager/Specialist - B2B SAP |
Stockholm |
| 14/02 | YOUNG TALENT PROGRAM - AUTOMATION ENGINEER FOOD PROCESSING Tetra Pak |
Lund |
| 14/02 | UX Engineer (.NET) - Limited Contract Monster |
Prague |
| 14/02 | Data Warehouse Developer for DONG Energy IT DONG Energy |
Gentofte |
| 14/02 | Quality Manager Volvo information Technology AB |
Göteborg |
| 14/02 | Sales Representative Nordic Occlutech International AB |
Helsingborg |
| 14/02 | Nordic Site IT Delivery Manager Philips AB |
Stockholm |
| 14/02 | Build Master Volvo information Technology AB |
Göteborg |
| 14/02 | Business Analyst Volvo information Technology AB |
Göteborg |
| 14/02 | UX Engineer Monster |
Prague |
- 14/02 Investor confidence tops 10-month high »
- 14/02 OECD sees German growth slowing in 2012 »
- 13/02 Deutsche Bank 'to pay €800 mln' in Kirch case »
- 13/02 Greece leaving the euro not so scary - Germans »
- 10/02 Berlin defies EU over copyright deal »
- 10/02 Germans don't trust Greece to tighten belt »
- 09/02 Tourists flock to Germany in 2011 »
- 09/02 Daimler books record €6-billion profit »
- 08/02 Exports top €1 trillion despite euro crisis »
- 08/02 GM threatens major job cuts at Opel »
- 13/02 Looking for a long term appartment
- 13/02 Babysitter
- 13/02 flat or room available
- 13/02 Party Photographer
- 13/02 Apartment Near Arlanda
- 13/02 Apartment Needed Immediately
- 22:13 Where do you live?
- 22:13 Big Fat Gypsy weddings
- 20:51 E-Mail replies from Swedish Businesses
- 19:40 SFI - personal number loop...
- 19:17 Upper abdominal pain
- 18:20 Need to replace windows
- 18:05 Women drivers & safety
- 16:58 Volunteering in Sweden
- 16:01 What is death?
- 15:43 Tax deductible for rented property
The new Online Tennis Store with the largest selection of Babolat Products in Sweden
http://www.babolatshop.se
Turning Point Counselling centre offers the international community of Stockholm a safe space for personal development, counselling and coaching.
http://www.turning-point.se/show.asp
Swedish Down Town PR Consulting and Productions is an innovative business company which provides valuable assistance with Public Relations and Communications in the swedish and the international market.
www.swedishdowntown.com
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS
British-Australian Male Counsellor. Counselling Therapy for Depression, Mental Health, Sex, Relationship & Expat Issues
08-559 22 636 or CLICK HERE
Individuals & Couples - Stockholm Beth Rogerson PhD - Clinical, Marriage & Family Therapist
Click or call 08-5580 1266 now
Therapy in English in Stockholm Trained in California Individuals & Couples (08) 93 81 48 FREE phone consultation
Visit anxiousorblue.se
Your comments about this article:
The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.
Because of global warming.
So, if warmer makes it warmer, but also makes it colder, would making it colder make it colder, or warmer?
Time to go burn a few tires, methinks.
(attached image not shown)
SOURCES: NCDC global temperatures, Law Dome & Mauna Loa CO2 levels, US postal charges, Andrew Dart.
CO2 has been up to 20X higher than now with lower temperatures. CO2 is only relevant with sufficient PP, and the curve has plateaus. We're confortably on one such at the present and will stay there. However, plants greatly enjoy the CO2, which leads to more growth and more food. This also is beneficial.
NASA's recent survey shows that California, and by extension the green growing part of the US, since CA is half desert, is carbon neutral. Europe and China are responsible for CO2. But, luckily for you, CO2 is a good thing.
If you think it's a bad thing, I suggest you stop exhaling it. And, because of your statement, I will go outside and burn yet another tire, as I do every time some yaphead opens up. You want me to stop burning tires? Shut the @# up.
SOURCES: NCDC global temperatures, Law Dome & Mauna Loa CO2 levels, US postal charges, Andrew Dart.
Sources for my above post can be found at:
http://tinyurl.com/yavpb2c