Vattenfall believes in continued fluctuating electricity prices

Vattenfall believes in continued fluctuating electricity prices

In May, it blew and rained less, which meant that the price of electricity, especially in northern Sweden, was high.

“What we are experiencing now is very unusual, but the world is in an extreme situation. Everything is affected, including the price of electricity, ”writes Jonas Stenbeck, private customer manager at Vattenfall Sales in a press release.

Right now we are in the middle of high and low season, when the demand for electricity is lower than usual.

“The best thing you can do now is to keep track of your electricity contract. Do not bind in pure panic “, he writes.

The water reservoir in Sweden has a normal degree of filling, but in southern Norway it is at a record low.

According to Vattenfall, the war in Ukraine will continue to affect electricity prices. The uncertainty is great, and it may fluctuate in the future, according to Vattenfall.

During May, the average price of electricity in electricity areas 1 and 2, in northern Sweden, was 57:88 öre kWh, compared with 38:95 in May last year.

In electricity area 3, it was 102: 86 öre per kWh, against 43:50 last year.

In the most expensive area in southern Sweden, electricity area 4, the price was 139: 14 öre per kWh, compared to 48:47 öre last year.

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