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Sweden Burns Diesel For Power to Keep Lights on as Prices Surge

Swedish utility Vattenfall AB turned on some of its reserve diesel generators to supply power on an island in the Baltic Sea as a cold spell caused demand and prices to surge. 

Wholesale electricity costs in the Nordic market jumped to their second highest on record on Monday as temperatures plunged below -40 degrees Celsius in northern Scandinavia. The two diesel units have a total capacity of 35 megawatts and are located near Visby on the island of Gotland.