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Swedish households reduce electricity consumption due to high costs

Swedish households significantly reduced their electricity consumption in September, October and November, according to figures released by energy company Ellevio on Friday.

Ellevio analyzed data from around 900,000 households and found that household electricity use fell by almost 19.5 percent in November, compared to the average of the previous three years.

A press release also stated that Swedish households on average reduced their electricity consumption by 21.5 percent in October and 12.5 percent in September.

In some areas where the highest prices were recorded, electricity consumption fell by almost a quarter, the company said.

“People have probably reduced their electricity consumption as an effect of the summer’s gloomy headlines about sky-high electricity prices. Customers still react to the price signals, even if not everyone follows the spot prices,” says Jesper Liverod, press manager at Ellevio, to Nyhetsbyrån TT.

On Friday, the Swedish government also warned that there is a real risk of outages due to a lack of production capacity, as half of the country’s nuclear plants are either inoperable or running at half capacity due to repairs.

nord.news

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