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Sweden Turns to Burning Oil as Power Prices Soar to Record

  • Karlshamn station has been running regularly in past week
  • Combating global warming takes a backseat during energy crisis

Sweden is relying on an old oil-fired power plant to keep the lights on in the south as a dearth of wind generation and nuclear outages sends prices to a record. 

The Karlshamn station, which burns heavy fuel oil and dates back to the early 1970s, has been running fairly regularly for about a week, according to operator Uniper SE. Power prices in the southern part of a country are at an all-time high for Wednesday, soaring as much as 51% in an auction on Nord Pool ASA.