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Weak spring flood pushes up Swedish electricity prices

Economy & businessEconomy
Weak spring flood pushes up Swedish electricity prices
Key Points
  • Weak spring flood due to low snowfall drives up prices
  • Electricity prices double compared to last year
  • Middle East unrest affects prices via integrated European market

Regional disparities are stark. In southern Sweden, the expected May price is 60 öre per kilowatt-hour, compared to 30 öre in the north. Major media report that the premature closure of nuclear reactors was ill-considered, as they would have played an important role in the current energy mix.

The decommissioned reactors, located in the south, have particularly affected that region, while the north benefits from large-scale hydropower. Experts cited by major media emphasize that diversity in energy sources reduces vulnerability. The exact drop in snowfall and timing of nuclear shutdowns remain unspecified.

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Weak spring flood pushes up Swedish electricity prices | Reed News