Reed NewsReed News

High Swedish Electricity Prices Helped Grid Survive Cold Winter, Says Power Grid Operator

Economy & businessEconomy
Key Points
  • High electricity prices in Sweden helped the power grid avoid shortages during an unusually cold winter.
  • Swedes reduced electricity consumption in response to high prices, preventing power shortages.
  • The peak electricity demand occurred on January 12 between 8-9 AM, according to Svenska kraftnät.

According to Svenska kraftnät, Sweden's national power grid operator, high electricity prices during an unusually cold winter helped the country's power system avoid shortages. The cold and expensive electricity winter prompted Swedes to reduce their consumption, with no power shortages occurring despite the challenging conditions. Pontus de Maré of Svenska kraftnät stated that while the high prices helped maintain grid stability, they were not positive for Sweden and something the operator is critical of.

The peak load hour during winter occurred on January 12 between 8 and 9 AM, marking the period of highest electricity demand. The power grid reportedly handled the cold winter well, according to the grid operator's assessment.

while the high prices helped maintain grid stability, they were not positive for Sweden and something the operator is critical of

Pontus de Maré, Svenska kraftnät representative

Transparency

How we verified this article

MediumBased on 8 sources
8 sources2 Involved