Low levels in the nordic water reservoirs after the hot and dry summer and a high marginal cost of coal is indicated as the main causes.

Under the autumn low price of electricity on an average of 48 cents per kilowatt hour.

”We’ll have to go back to 2010 to find the equal of the high electricity prices that we had in the autumn of 2018,” says Martina Rosenberg, analyst and meteorologist at Bixia, in a comment.