Sweden to face soaring electricity prices for another winter: expert

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Sweden to face soaring electricity prices for another winter: expert

STORY: Sweden to face soaring electricity prices for another winter: expert DATELINE: July 4, 2023 LENGTH: 00:01:53 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of a power plant in Stockholm 2. various of an electric power plant in Stockholm 3. various of energy companies of Sweden 4. various of Parliament House of Sweden 5. various of the city hall of Stockholm 6. various of street views of Stockholm STORYLINE: Electricity in Sweden could become exceptionally expensive for another winter, the Swedish Energy Agency said on Monday. Martin Johansson, an energy systems expert at the Swedish Energy Agency, told Swedish Television (SVT) that in the winter of 2023, "we can expect volatile and high electricity prices." Last winter, Swedish households and businesses faced soaring bills, with electricity prices reaching unprecedented levels due to sanctions on Russian gas, though natural gas only accounts for around 3 percent of energy consumption in the country. Johansson said "That situation has

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