Feb 13 β€’ 16:35 UTC πŸ‡ΈπŸ‡ͺ Sweden Dagens Nyheter

Electricity not as expensive as during the crisis winter – do not count on support

Electricity prices remain high in Sweden, with significant bills expected, but government support is unlikely.

The article discusses the current state of electricity prices in Sweden, noting that while prices are not as exorbitant as during last winter's crisis, they are still considered high. February bills are expected to hit households hard, attributed to factors such as prolonged cold weather increasing demand, limited wind supply, and low water levels in reservoirs due to a dry start to the year. Economic reporter Andreas Lindberg highlights that these conditions, particularly in combination with the new Aurora line transmission link between Finland and Sweden, could influence electricity prices, especially in northern Sweden.

The discussion also touches on the coping abilities of households amidst rising costs. With ongoing cold temperatures, households may face a dual challenge; not only do they need to pay more for electricity to heat their homes, but their consumption may also rise as they try to stay warm. Additionally, there is an ominous note regarding government support, as experts warn that households should not count on receiving financial assistance amidst the high electric prices.

These rising costs and the potential lack of government support could have significant implications for Swedish households, particularly those already grappling with economic strain. The current situation emphasizes the importance of energy management and raises concerns regarding energy availability and affordability as the nation navigates its energy needs during colder months.

πŸ“‘ Similar Coverage