Since the war in and around Iran began a few weeks ago, electricity delivery has risen by 20 percent, according to news agency TT.
"That is very high for this time of year," said Christian Holtz, electricity analyst at the consulting firm Merlin & Metis. "In the winter, even higher prices are expected," he continued.
The high prices come after gas prices surged on the commodity exchange in Amsterdam, which have more than doubled in a few weeks, as gas facilities are bombed in the Middle East.
It looks like this will raise electricity prices even more on the continent, but with a spillover effect into Sweden, most clearly in the southern half, right up to 2027.
Higher prices are also expected in Norrland, although the increase is not at all as large.
Holtz told TT that gas reserves in Europe are already at lower levels than normal, and it is now becoming more expensive to fill them. The currently negative situation for Swedish hydropower had already, before the Iran war, raised electricity prices to a higher level than normal.
Very expensive
Time to fix the electricity price, some households might think.
"It can be done," Holtz said, "but it is very expensive at the moment."
Patrik Södersten, an electricity price expert at Fortum, said, in a written comment to TT, “right now, the cost of signing a fixed, longer contract is high".
Holtz therefore recommends trying to control your electricity consumption, if you can.
The price differences are enormous during the day, because of high solar electricity production in Germany, among other places. This will probably continue during the summer, with sometimes negative prices in the middle of the day and perhaps 2 kronor per kWh in the morning and evening.
"The way to save the most this summer is if you can reduce your electricity use during these hours when prices are really high," said Holtz.
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