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BackThe shock forecast: The winter electricity bill could be 73 percent more expensive
The shock forecast: The winter electricity bill could be 73 percent more expensive
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Dagens Nyheter52 minutes agoBusiness2 min readView original

The shock forecast: The winter electricity bill could be 73 percent more expensive

Eon forecast shows that home owners in electricity area four may receive a SEK 12,600 higher electricity bill than last winter

Quick Look

  • Electricity prices in southern Sweden may rise sharply this winter.
  • According to a new forecast from Eon, the electricity bill for an average homeowner in electricity zone four could be 73 percent more expensive than last winter, with an increase of approximately SEK 12,600 between October and March.
  • The reasons are weak wind power, nuclear power restrictions and higher gas prices in Europe.

AI-generated summary

Why It Matters

Electricity prices in southern Sweden have risen sharply. Last winter, 2022-2023, the Ukraine war led to record electricity prices. Now prices may be even higher according to Eon's forecast.

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Electricity prices in southern Sweden have risen sharply - and a price shock can await in the winter. The electricity bill for an average home owner in electricity area four can be 73 percent more expensive than last winter, shows a new forecast from Eon.

- It depends on a lot of things, unfortunately it's a perfect storm right now, says Anna Rylander, electricity price expert at Eon, about the rampant electricity prices.

Southern Sweden in particular stands out. A villa in electricity area four may have to pay around SEK 12,600 more for electricity during October to March than it did last winter.

The forecast is based on an estimated electricity consumption for a larger villa, with an annual electricity use of 20,000 kWh, and estimates of what the variable electricity price may end up at.

There are several reasons for the rising prices. Weak wind power production in northern Europe, limitations in nuclear power production and higher gas prices in Europe are some factors.

For many in electricity area four, the memory of the crisis winter of 2022-2023 remains, when the Ukraine war led to record high electricity prices. Now there could be even higher bills, if Eon's forecast comes true. It indicates that winter electricity prices in southern Sweden are expected to be 20 percent higher than then.

- We remember very well how hard it hit customers, and to now get indications that it could be another notch more expensive feels worrying, says Anna Rylander.

She points out that the calculation is based on many uncertain factors that can change - such as weather and wind, the nuclear power situation and the Iran war. But she describes the numbers as remarkable. Not least the big differences between northern and southern Sweden.

In Central Sweden, electricity area three, the cost is expected to increase by 47 percent compared to last winter. In northern Sweden, electricity areas one and two, around 10-12 percent higher prices are expected. Electricity area four is the only one where that cost is expected to be higher than during the crisis winter between 2022 and 2023.

The amounts on the electricity bills at the turn of the month November-December will look very different depending on where in the country they land in the mailbox.

- You can have exactly the same consumption in your villa but completely different electricity bills, says Anna Rylander.

Her advice to worried customers is to start by familiarizing yourself with what kind of electricity price agreement you have and then review what uses the most electricity in the home and how consumption can be reduced.

- In a villa, it is usually heat and hot water that are the big items. Take a shorter shower, lower the indoor temperature by one degree. If you charge an electric car at home, quarter price is good so that you ensure that you charge when it is cheapest, she says.

Anyone who is afraid of very high electricity bills can consider whether it is time to save for an electricity buffer, she suggests.

- If you feel very concerned about this and live on the edge, you can already contact the electricity company and see what solutions are available.

What to Watch

AI outlook — possibilities, not facts

  • Electricity prices in electricity area four could be 20 percent higher than during the crisis winter 2022-2023 if Eon's forecast is correct

    Possible · Within months

Open Questions

  • How much of the price increase is due to each individual factor?
  • What concrete measures are the electricity companies planning to help vulnerable customers?
  • How is electricity area one to three affected in concrete kroner compared to electricity area four?

Related Topics

This article was originally published by Dagens Nyheter.

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Electricity prices in southern Sweden are soaring and November is expected to be the most expensive month for several years. According to Eon, home owners in southern Sweden can count on 73 percent higher electricity prices this winter compared to last year. In Oxie, southeast of Malmö, families like Leonardo Zia and Alan Soranson have lowered the indoor temperature and follow the electricity price apps closely. The government's new high-cost protection covers 90 percent of the part of the electricity price that exceeds SEK 1.50 per kilowatt hour, but the support is not paid out until next year.

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