Electricity price shock expected – could triple

Falling temperatures are expected to lead to sharply increased electricity prices in the country.
In two weeks, the price can triple to 100 öre per kilowatt hour, reports say
DN.
– The basic scenario is that electricity prices are significantly higher than now in the days between, says Christian Holtz, energy market analyst at the independent analysis firm Merlin & Metis, to the newspaper.

After a period of low electricity prices, a tripling of the price now awaits around the corner. According to analysts that DN spoke with, the electricity price could rise to 100 öre per kilowatt hour in two weeks.

– In two weeks, the basic scenario is that electricity prices are significantly higher than now in the days between, on average somewhere around 100 öre per kilowatt hour, says Christian Holtz, energy market analyst at the independent analysis firm Merlin & Metis to DN.

The price will be a little higher in the south of Sweden and lower in the north, according to him.

At the same time, there is uncertainty in the forecast.

– Now the temperature is expected to drop, which means higher electricity use and a stronger price link to Germany, which makes the gas price even more important, says Christian Holtz, energy market analyst at the independent analysis firm Merlin & Metis.

During the Christmas holiday, the price was approximately 30 öre per kilowatt hour in the country’s four electricity price areas. At the same period last year, electricity cost 120–165 öre per kilowatt hour.

The price increase is due to the cold weather in combination with increased gas prices, according to DN.

The tax is raised

In addition to the electricity price, the electricity tax is also raised at the turn of the year. This means a price increase after the turn of the year of 9.2 percent, or 4.5 öre per kilowatt hour.

– The tax increase alone means around a thousand Swedish kroner per year in price increases for a normal villa, Ann-Catrin Dahlbom at the electricity trading company Elskling tells the newspaper.

A home owner gets rid of an average of 16,000 kilowatt hours per year, according to Ann-Catrin Dahlbom.

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