Cheaper electricity this winter in Sweden: Analyst

A woman walks next to Storsjon lake in Ostersund, Sweden on November 30, 2012. AFP PHOTO/JONATHAN NACKSTRAND Two winters ago rising electricity prices in Sweden hit consumers hard, but this year electricity is 40 percent cheaper, even if next winter may be more expensive.

Carl-Adam Olander is an analyst at electricity company Modity. He says that despite this winter having some cold weeks, prices have stayed relatively low.

And this is because compared to two years ago there has been plenty of water to drive the hydroelectric power stations. Rainfall in 2012 filled up the reservoirs.

But Carl-Adam Olander warns that the water reserves are sinking, and if there is less rain in 2013, prices will be higher next winter.

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