850 per cent higher in the south than in the north
Dagens Industri has asked our energy strategist Arne Bergvik about the continued rise in electricity prices. Arne believes that the energy crisis is not quickly over, rather Russia seems to be escalating its invasion of Ukraine. And Russia's confidence as a reliable energy supplier is already irreversibly damaged. The run-up to next winter could be problematic for Europe. So far, gas from Gazprom is flowing as contracted, but there is a real risk that either Putin or Germany will turn off the tap.
Arne explains:
- The price situation continues to be significantly higher in the south of Sweden (SE4) than in the north (2.36 and 0.248 SEK/kWh respectively for Tue 26 Apr). Since the price situation is so strongly linked to Russia, I am doubtful that energy prices will fall back this autumn, as many economists believe. The krona needs to strengthen to reduce inflation, which is why the Riksbank should raise interest rates on Wednesday 27 April. In this price environment, it is healthy to review your energy strategy.
Read the full article on DI's website and in today's (26 Apr) paper supplement:
https://www.di.se/nyheter/elpriset-i-sodra-sverige-rusar-850-procent-hogre-an-i-norr/
