Sweden switches to fuel oil burning due to record growth in electricity and gas prices

16 August 2022, 21:22 | Peace
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In the south of Sweden, an old power plant has resumed operation, which runs on very dirty fuel - heavy fuel oil.. The reason for this decision of the Swedish authorities is the lack of wind generation and interruptions in the operation of a nuclear power plant..

It was a forced move as electricity prices in the southern part of the country reached an all-time high, skyrocketing 51% at the Nord Pool ASA auction..

The Karlshamn thermal power plant, which runs on fuel oil, was built in the early 1970s.. It was reopened and launched about a week ago..

TPP with a maximum capacity of 662 megawatts operates at a capacity of 200-300 megawatts. It consumes from 50 to 70 tons of fuel per hour. That equates to about 9,000 barrels of oil a day in 24 hours, according to Bloomberg calculations..

Not much in global terms, but the trend towards the transition from expensive gas to cheaper fuels has become clear in Europe.

As reported, on August 16, the exchange price of the September gas futures on the network of exchanges in the USA, Canada and Europe ICE Futures reached $2,627 per thousand cubic meters.. Since the beginning of the day, the cost of fuel has increased by 9%.

Europe is facing a historic energy crisis, and the fight against global warming has faded into the background.




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