According to Robert Bergqvist, the fact that prices are falling is due to “a better balance on the electricity market”, where dependence on Russian gas has decreased at the same time that efforts to reduce consumption have yielded results.
In addition to making it easier for households, Bergqvist hopes that the new situation will also reduce inflationary pressure, where the price of electricity has so far made up a large part.
– When you produce goods, you also have to have energy, and then these effects will be greater. Energy is important for the overall inflation picture, he says in Morgonstudion.
“There is an uncertainty”
But even if prices have now fallen over a longer period of time, it is still too early to celebrate, according to the economist. In the coming months, the weather could be crucial, with a mild and windy winter pushing prices down while cold weather could push them back up.
The unpredictability when it comes to Russia’s actions in Ukraine can also cause the situation to turn quickly, according to Bergqvist.
– Now we have had these explosions of pipelines in the Baltic Sea. If we see even more disruptions like this, we have energy, but no way to distribute it. There is an uncertainty.
Hear the economist about the factors that pushed down October’s electricity prices in the clip above.