Nordic Summer Power Prices Rise on Low Hydro and Outages
Swedish and Norwegian wholesale electricity prices are expected to remain higher than usual this summer as hydropower reservoirs face a significant hydrological deficit. Ongoing maintenance and technical issues at the Ringhals 4 and Oskarshamn 3 nuclear reactors are further tightening supply across the region.
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Norway and Sweden face elevated wholesale power prices this summer as southern Norwegian rates reached €100 per megawatt hour. Current prices are roughly double their 2025 equivalents following a cold winter and record-low snowfall. Low reservoir levels and nuclear outages are tightening regional supply.
