Cost of ‘Per’ estimated at 1.4 billion kronor

Swedenergy (Svensk Energi) has estimated the cost of a major storm that hit Sweden in January at 1.4 billion kronor ($200 million).

Compensation for customers affected by power cuts accounted for around 750 million kronor of the total.

The storm, named Per by Norwegian meteorologists, battered Sweden in the middle of January.

By the time it blew over, the storm had left three people dead and 275,000 households without electricity.

Swedenergy is an interest organization for Swedish electricity companies.