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Life – a user's manual Part II - Boksidan

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0,60<br />

Average price each year<br />

SEK<br />

/kWh<br />

0,50<br />

0,40<br />

0,30<br />

0,20<br />

Electricity<br />

Energy<br />

certifikates<br />

Chart 7.<br />

My electricity prices and<br />

subsidies 2000-2011 excluding<br />

the money from the net owner<br />

(on average about 0,02 SEK/<br />

kWh).<br />

0,10<br />

0,00<br />

2000 2002 2004 2006<br />

2008<br />

2010<br />

Year<br />

Where are electricity prices heading Since a large proportion (approximately 50%) of all electricity<br />

produced in the world today are produced with fossil fuels, it would be likely that the price of electricity will<br />

follow the price of such fuels. That even if we in Sweden almost does not produce any electricity at all using<br />

coal, gas or oil, since our network is connected to the grid in other countries. But the proportion produced by<br />

fossil fuels will decrease. Since today's high electricity prices and the subsidies imposed on renewable<br />

energy sources implies that the power companies are investing huge amounts of money to increase<br />

production in the "clean" power plants (see chart 8). In addition, our neighboring countries, Norway and<br />

Finnland are planning to increase production. In Denmark, however, production will decrease when they<br />

close their coal-based power plants. Then add that electricity consumption will likely decrease as the devices<br />

become more energy efficient, people choose to move to efficient heating systems for their homes and the<br />

greenhouse effect reduces the need for heating. Moreover, the number of electricity-intensive industries<br />

(which stands for, type 25% of the total electricity consumption in Sweden) probably will decrease in the<br />

same way as they have done so far and the remaining will probably be more energy efficient. Overall, they<br />

suggest that electricity prices eventually fall. The price of electricity could though be held up if we widely<br />

started using electric cars or hydrogen cars (the hydrogen is the probably made using electricity) and/or that<br />

we have a common electricity market with a country that has significantly higher electricity prices, such as<br />

Germany.<br />

Chart 8. Forecast of future electricity<br />

production in Sweden from:<br />

www.svenskenergi.se.<br />

233

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