The war in the Middle East risks increasing electricity prices in Sweden, with southern Sweden expected to be most affected, according to experts. The reason is that the Middle East is an important region for the world's energy production, and tensions there quickly impact energy prices. The war is pushing up oil and gas prices, which in turn affect electricity prices in Europe, including in Germany where much energy is produced with gas.
Since Swedish electricity is sold on a European market, prices in Sweden are also affected. Christian Holtz, an energy market analyst at Merlin & Metis, says the expectation for electricity delivery in the second quarter has risen by about 10-15 percent. He notes that southern Sweden is often most affected because it is closest to the continent.
the expectation for electricity delivery in the second quarter has risen by about 10-15 percent
Villa owner Tomas Nilsson, who lives in a farmhouse outside Södra Sandby in electricity price area 4, recently received an electricity bill of 11,000 kronor after price increases in February, despite having installed solar panels, using firewood for heating, and adjusting his electricity consumption.
southern Sweden is often most affected because it is closest to the continent