Electricity prices throughout Sweden have reached record levels, peaking in the southern part of the country and Greater Stockholm, APA reports citing Sputnik.
There, it exceeded SEK 6 (56 cents) per kWh, as opposed to the usual July prices of around 40 öre (nearly 4 cents).
“We have never had such high July prices for individual hours as now”, EON sales manager Emma Borgström said, as quoted by national broadcaster SVT.
Swedish Energy Agency analyst Rebecka Bergholtz concurred that the prices are at “exceptionally high levels”.
There are several reasons behind the spike in electricity prices this summer, coupled with dramatic fluctuations, which makes it difficult to predict when the price will fall again, Rebecka Bergholtz said.
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